2125 State Ln
Big Bear City, CA 92314
$399,900
4 bd · 2 ba · Listed 6d ago
View on Realtor.com →Year built
1989
Sqft
—
Lot sqft
3,575
HOA / mo
None
Furnished
Yes
List date
2026-09-23T18:06:48.000000Z
Revenue
Annual revenue
$21,726
ADR
$232
Occupancy
26%
Cleaning fees (12 mo)
$4,142
Confidence
Low (38.38), 29 comps
Comp revenue range (p25 / median / p75)
Entire Home • 4 Beds • 3 Bedroom Big Bear
House · 3 bd · 3 ba · sleeps 7 · 0.2 mi
Revenue $19,757ADR $327Occ ≈ 17%5★ (135)
The Bears Den Cabin 8 Mi to Snow Summit!
Vacation home · 4 bd · 2 ba · sleeps 7 · 0.2 mi
Revenue $18,370ADR $271Occ ≈ 19%—
Hershey Bear Cabin:NEW! Igloo,Hot Tub,Dog Friendly
Cabin · 3 bd · 1.5 ba · sleeps 6 · 0.3 mi
Revenue $38,403ADR $409Occ ≈ 26%4.9★ (47)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Big Bear Getaway! Chalet | 3 bd · 2.5 ba · sleeps 8 | $28,638 | $185 | 42% | 4.7★ (222) | 367 ft | AirbnbVrbo |
Lincoln Log Cabin | Renovated | Near Attractions House | 3 bd · 2 ba · sleeps 8 | $13,764 | $366 | 10% | 4.5★ (8) | 525 ft | AirbnbVrboBooking |
Cedar Creek House | 3 bd · 2 ba · sleeps 8 | $14,454 | $229 | 17% | 4.6★ (62) | 0.1 mi | Airbnb |
Gorgeous Newly Remodeled Cabin Minutes from slopes House | 3 bd · 2 ba · sleeps 8 | $14,251 | $240 | 16% | 5★ (35) | 0.2 mi | AirbnbVrbo |
Entire Home • 4 Beds • 3 Bedroom Big Bear House | 3 bd · 3 ba · sleeps 7 | $19,757 | $327 | 17% | 5★ (135) | 0.2 mi | Airbnb |
Cozy Cabin on Sixth - FREE EV Charging! Cabin | 3 bd · 1 ba · sleeps 8 | $446 | $223 | 1% | 4.9★ (41) | 0.2 mi | AirbnbVrbo |
The Bears Den Cabin 8 Mi to Snow Summit! Vacation home | 4 bd · 2 ba · sleeps 7 | $18,370 | $271 | 19% | — | 0.2 mi | Booking |
'The Bear's Den' Cabin: 8 Mi to Snow Summit! Cabin | 3 bd · 2 ba · sleeps 7 | $20,669 | $336 | 17% | 4.2★ (55) | 0.2 mi | AirbnbVrbo |
A Frame Escape ! Fully fenced! Cabin | 3 bd · 2 ba · sleeps 8 | $20,640 | $134 | 42% | 4.5★ (165) | 0.3 mi | AirbnbVrbo |
Hershey Bear Cabin:NEW! Igloo,Hot Tub,Dog Friendly Cabin | 3 bd · 1.5 ba · sleeps 6 | $38,403 | $409 | 26% | 4.9★ (47) | 0.3 mi | Airbnb |
Show all 29 comps
Three Bears Big Bear Cabin
Cabin · 4 bd · 3 ba · sleeps 8 · 0.3 mi
Revenue $12,808ADR $230Occ ≈ 15%4.8★ (48)
3rd Night FREE Blue Snowflake Big Bear Mtn. Resort
Cabin · 3 bd · 1.5 ba · sleeps 10 · 0.3 mi
Revenue $3,876ADR $343Occ ≈ 3%5★ (1)
Starlight Hideaway: Big Bear Log Cabin w/ Hot tub!
Cabin · 3 bd · 2 ba · sleeps 8 · 0.3 mi
Revenue $23,433ADR $342Occ ≈ 19%5★ (45)
Home w/ SPA, Fire Pit, Yard near Ski Resort & Lake
Cabin · 3 bd · 1 ba · sleeps 6 · 0.3 mi
Revenue $30,105ADR $252Occ ≈ 33%4.9★ (108)
Beary Peaceful Fam Retreat; Ping Pong, SPA & AC
Cabin · 3 bd · 3 ba · sleeps 8 · 0.3 mi
Revenue $43,436ADR $295Occ ≈ 40%4.8★ (75)
Beary Peaceful
Vacation home · 3 bd · 3 ba · sleeps 8 · 0.3 mi
Revenue $40,091ADR $249Occ ≈ 44%—
Whistling Birds ~ EV Charge
House · 3 bd · 2 ba · sleeps 8 · 0.3 mi
Revenue $28,323ADR $236Occ ≈ 33%5★ (38)
Mama Bear's Manor - Luxury Spa - No Cleaning Fee
Cabin · 3 bd · 2 ba · sleeps 10 · 0.5 mi
Revenue $32,049ADR $509Occ ≈ 17%4.9★ (55)
One Hundred Pines Equestrian Ranch at Big Bear Lake
Vacation home · 3 bd · 2 ba · sleeps 6 · 0.6 mi
Revenue $8,559ADR $295Occ ≈ 8%—
Little Big Sky Retreat - Hot Tub
Cabin · 3 bd · 2 ba · sleeps 6 · 0.8 mi
Revenue $43,587ADR $303Occ ≈ 39%5★ (112)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Bluebird Haven Cabin | 3 bd · 2 ba · sleeps 8 | $10,517 | $272 | 11% | 5★ (19) | 0.3 mi | Airbnb |
Three Bears Big Bear Cabin Cabin | 4 bd · 3 ba · sleeps 8 | $12,808 | $230 | 15% | 4.8★ (48) | 0.3 mi | Airbnb |
3rd Night FREE Blue Snowflake Big Bear Mtn. Resort Cabin | 3 bd · 1.5 ba · sleeps 10 | $3,876 | $343 | 3% | 5★ (1) | 0.3 mi | Airbnb |
Starlight Hideaway: Big Bear Log Cabin w/ Hot tub! Cabin | 3 bd · 2 ba · sleeps 8 | $23,433 | $342 | 19% | 5★ (45) | 0.3 mi | Airbnb |
Home w/ SPA, Fire Pit, Yard near Ski Resort & Lake Cabin | 3 bd · 1 ba · sleeps 6 | $30,105 | $252 | 33% | 4.9★ (108) | 0.3 mi | Airbnb |
Peaceful, 3 BD Modern Cabin & Game Room Cabin | 3 bd · 2 ba · sleeps 6 | $10,578 | $264 | 11% | 4.9★ (20) | 0.3 mi | AirbnbBooking |
Beach to Mountains Chalet Cabin | 3 bd · 2.5 ba · sleeps 8 | $11,981 | $212 | 15% | 5★ (14) | 0.3 mi | AirbnbVrbo |
Beary Peaceful Fam Retreat; Ping Pong, SPA & AC Cabin | 3 bd · 3 ba · sleeps 8 | $43,436 | $295 | 40% | 4.8★ (75) | 0.3 mi | Airbnb |
Beary Peaceful Vacation home | 3 bd · 3 ba · sleeps 8 | $40,091 | $249 | 44% | — | 0.3 mi | Booking |
Spruce Vacation home | 3 bd · 2 ba · sleeps 6 | $16,467 | $325 | 14% | — | 0.3 mi | Booking |
Whistling Birds ~ EV Charge House | 3 bd · 2 ba · sleeps 8 | $28,323 | $236 | 33% | 5★ (38) | 0.3 mi | Airbnb |
STAR WARS family cabin+HOT TUB+EV outlet+GAME R00M Cabin | 3 bd · 1.5 ba · sleeps 10 | $41,852 | $321 | 36% | 5★ (228) | 0.4 mi | AirbnbVrbo |
3BR Starlight Stargaze Haus - EV & Fireplace Cabin | 3 bd · 2 ba · sleeps 7 | $14,772 | $246 | 16% | 4.9★ (13) | 0.4 mi | AirbnbVrbo |
Summer retreat-Hot Tub, Arcade, Play Room Cabin | 3 bd · 2 ba · sleeps 10 | $41,395 | $302 | 38% | 4.8★ (87) | 0.4 mi | AirbnbVrbo |
Mama Bear's Manor - Luxury Spa - No Cleaning Fee Cabin | 3 bd · 2 ba · sleeps 10 | $32,049 | $509 | 17% | 4.9★ (55) | 0.5 mi | Airbnb |
One Hundred Pines Equestrian Ranch at Big Bear Lake Vacation home | 3 bd · 2 ba · sleeps 6 | $8,559 | $295 | 8% | — | 0.6 mi | Booking |
One Hundred Pines Equestrian Ranch at Big Bear Cabin | 3 bd · 2.5 ba · sleeps 6 | $11,855 | $312 | 10% | 4.5★ (6) | 0.6 mi | AirbnbVrboBooking |
Little Big Sky Retreat - Hot Tub Cabin | 3 bd · 2 ba · sleeps 6 | $43,587 | $303 | 39% | 5★ (112) | 0.8 mi | Airbnb |
Mountain Retreat near Big Bear Lake – 3 BR, 2. BA, Cottage | 3 bd · 2.5 ba · sleeps 8 | $712 | $356 | 1% | 5★ (1) | 0.8 mi | AirbnbVrbo |
Revenue and nightly rate (ADR) are trailing-12-month figures per listing. Occupancy is estimated as revenue ÷ ADR ÷ 365 and can read high when revenue includes cleaning fees.
Cash flow calculator
Rate 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium
Est. revenue
$21,726
NOI
$5,004
Cash flow /mo
-$1,738
Cash needed
$115,971
Cash-on-cash
-18.0%
ROE (yr 1)
-5.4%
Cap rate
1.3%
DSCR
0.19
Year-1 write-off
$90,393
Year-1 tax shield @ 32%
$28,926
Year-1 return on equity
- Cash flow (annual)-$20,855
- Principal paydown$2,617
- Appreciation at%$11,997
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$4,345
- Platform fees (3% of revenue)$652
- Maintenance / capex (5% of revenue)$1,086
- Utilities & supplies$4,200
- HOA$0
- Property tax$5,487
- Insurance (STR-rated)$2,039
Cash needed to close
- Down payment (25%)$99,975
- Closing costs (4.0%)$15,996
- Furnishing (conveyed with the sale)$0
Tax savings if the STR loophole applies
- Tax shield @ 32%$28,926
Property tax, insurance rate and the land/building split come from this listing's county tax record; other assumptions match the daily feed (see tasks/plan.md).
The write-off comes from the cost segregation estimate below. Not tax advice.
Cost segregation estimate
An estimate from the listing: every part of the home is priced from national construction costs, less wear for age, and the price (less land) is spread over the parts in proportion. The headline is what a typical cost seg study would claim for this property. The answers below are optional refinements.
Depreciable basis
$322,000
Short-life (5/15-yr)
$90,000 · 28%
Year-1 deduction
$90,000
Year-1 tax shield @ 32%
$29,000
Land 20% (county tax record, assessed value split) · building $232,000 over 39 years
Based on: ~2,400 sq ft (from beds), built 1989, 4 bd / 2 ba, furnished, listing features (deck, fence, fireplace, flooring types, appliance list).
IRS-guide safe-harbor floor: $51,000 in year 1 (16% short-life, $16,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $7,200
Kitchen cabinetsdefault
$11,100 new × 40% good × 1.63 allocation
- $5,900
Kitchen countertopsdefault
$9,000 new × 40% good × 1.63 allocation
- $2,700
Decorative trimdefault
$4,200 new × 40% good × 1.63 allocation
- $200
Mirrorsdefault
$300 new × 40% good × 1.63 allocation
- $1,000
Shelvingdefault
$1,500 new × 40% good × 1.63 allocation
- $3,900
Window coverings (24)default
$6,000 new × 40% good × 1.63 allocation
- $3,400
Carpet, vinyl & laminate (33% of floors)listing
$5,100 new × 40% good × 1.63 allocation
- $5,600
Kitchen & laundry equipment plumbingdefault
$8,600 new × 40% good × 1.63 allocation
- $3,400
Kitchen, laundry & data equipment electricaldefault
$5,200 new × 40% good × 1.63 allocation
- $1,900
Appliances (range, microwave, disposal)listing
$2,900 new × 40% good × 1.63 allocation
- $9,200
Furniture conveyed with the sale (used)listing
$23,000 new × 40% good · out of the price
- $8,300
Paving: driveway & walks (paved)default
$10,200 new × 50% good × 1.63 allocation
- $8,000
Landscaping (typical)default
$9,800 new × 50% good × 1.63 allocation
- $1,900
Patiosdefault
$2,400 new × 50% good × 1.63 allocation
- $22,100
Decks & porches (attached)listing
$27,000 new × 50% good × 1.63 allocation
- $4,900
Fencinglisting
$6,000 new × 50% good × 1.63 allocation
- $170,200
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$260,400 new × 40% good × 1.63 allocation
- $17,700
Building plumbing & fixturesdefault
$27,000 new × 40% good × 1.63 allocation
- $18,100
Building electrical & lightingdefault
$27,700 new × 40% good × 1.63 allocation
- $17,700
HVACdefault
$27,000 new × 40% good × 1.63 allocation
- $6,700
Hardwood & tile floorsdefault
$10,300 new × 40% good × 1.63 allocation
- $1,700
Fireplacelisting
$2,600 new × 40% good × 1.63 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $44,500 | $45,200 | $700 | $90,400 |
| 2 | $0 | $0 | $6,000 | $6,000 |
| 3 | $0 | $0 | $6,000 | $6,000 |
| 4 | $0 | $0 | $6,000 | $6,000 |
| 5 | $0 | $0 | $6,000 | $6,000 |
| 6+ | $0 | $0 | $207,600 | $207,600 |
| Total | $44,500 | $45,200 | $232,100 | $321,800 |
Model-based estimate, not an engineered cost segregation study. The IRS doesn’t approve studies; get a professional study before filing. Using these losses against W-2 income needs the short-term rental exception (average stay ≤7 days + material participation). The 39-year building life applies because stays average under 30 days, a separate test (27.5 years for a long-term rental). Federal only: California and Georgia disallow bonus depreciation, Ohio adds back 5/6 of it, and Tennessee has no personal income tax. Not tax advice.
Market note
Big Bear Lake (city) and unincorporated county areas both allow permitted short-term rentals, and we found no numeric permit cap in either. Permits/licenses generally do NOT transfer on sale — a buyer must apply for their own, so confirm permit status with the city or San Bernardino County before closing. City: vacation rental license, up to 3 per owner. County: 1 permit per parcel under 2 acres, 2 max per owner. Lodging tax ~13% in the city, ~7% county. Rules change; verify before you buy.