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Rate 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium

1210 Crestwood Dr

1210 Crestwood Dr

Big Bear City, CA 92314

$418,000

3 bd · 2 ba · Listed 25d ago

View on Realtor.com →
Negative cash flow

Year built

1991

Sqft

—

Lot sqft

7,729

HOA / mo

None

Furnished

No

List date

2026-09-04T20:50:16.000000Z

Revenue

Annual revenue

$22,216

ADR

$170

Occupancy

36%

Cleaning fees (12 mo)

$4,135

Confidence

Low (43.52), 27 comps

Comp revenue range (p25 / median / p75)

$12,873$19,757$29,372
  • Big Bear Cabin Rental w/ BBQ: 11 Mi to Village!

    Cabin · 3 bd · 2 ba · sleeps 6 · 171 ft

    Revenue $23,150ADR $224Occ ≈ 28%5★ (6)

    AirbnbVrboBooking

  • Warm, modern, rustic cabin, Dog friendly. Bravo.

    House · 3 bd · 1.5 ba · sleeps 8 · 1.3 mi

    Revenue $16,157ADR $293Occ ≈ 15%5★ (63)

    AirbnbVrbo

  • One Hundred Pines Equestrian Ranch at Big Bear

    Cabin · 3 bd · 2.5 ba · sleeps 6 · 1.4 mi

    Revenue $11,855ADR $312Occ ≈ 10%4.5★ (6)

    AirbnbVrboBooking

  • One Hundred Pines Equestrian Ranch at Big Bear Lake

    Vacation home · 3 bd · 2 ba · sleeps 6 · 1.4 mi

    Revenue $8,559ADR $295Occ ≈ 8%—

    Booking

  • Home w/ SPA, Fire Pit, Yard near Ski Resort & Lake

    Cabin · 3 bd · 1 ba · sleeps 6 · 1.6 mi

    Revenue $30,105ADR $252Occ ≈ 33%4.9★ (108)

    Airbnb

  • Mama Bear's Manor - Luxury Spa - No Cleaning Fee

    Cabin · 3 bd · 2 ba · sleeps 10 · 1.6 mi

    Revenue $32,049ADR $509Occ ≈ 17%4.9★ (55)

    Airbnb

  • Starlight Hideaway: Big Bear Log Cabin w/ Hot tub!

    Cabin · 3 bd · 2 ba · sleeps 8 · 1.6 mi

    Revenue $23,433ADR $342Occ ≈ 19%5★ (45)

    Airbnb

  • 3BR Starlight Stargaze Haus - EV & Fireplace

    Cabin · 3 bd · 2 ba · sleeps 7 · 1.6 mi

    Revenue $14,772ADR $246Occ ≈ 16%4.9★ (13)

    AirbnbVrbo

  • Peaceful, 3 BD Modern Cabin & Game Room

    Cabin · 3 bd · 2 ba · sleeps 6 · 1.7 mi

    Revenue $10,578ADR $264Occ ≈ 11%4.9★ (20)

    AirbnbBooking

  • Spruce

    Vacation home · 3 bd · 2 ba · sleeps 6 · 1.7 mi

    Revenue $16,467ADR $325Occ ≈ 14%—

    Booking

Show all 27 comps
  • 'The Bear's Den' Cabin: 8 Mi to Snow Summit!

    Cabin · 3 bd · 2 ba · sleeps 7 · 1.7 mi

    Revenue $20,669ADR $336Occ ≈ 17%4.2★ (55)

    AirbnbVrbo

  • Beach to Mountains Chalet

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 1.8 mi

    Revenue $11,981ADR $212Occ ≈ 15%5★ (14)

    AirbnbVrbo

  • Whistling Birds ~ EV Charge

    House · 3 bd · 2 ba · sleeps 8 · 1.8 mi

    Revenue $28,323ADR $236Occ ≈ 33%5★ (38)

    Airbnb

  • Gorgeous Newly Remodeled Cabin Minutes from slopes

    House · 3 bd · 2 ba · sleeps 8 · 1.8 mi

    Revenue $14,251ADR $240Occ ≈ 16%5★ (35)

    AirbnbVrbo

  • Lincoln Log Cabin | Renovated | Near Attractions

    House · 3 bd · 2 ba · sleeps 8 · 1.9 mi

    Revenue $13,764ADR $366Occ ≈ 10%4.5★ (8)

    AirbnbVrboBooking

  • Cozy Cabin on Sixth - FREE EV Charging!

    Cabin · 3 bd · 1 ba · sleeps 8 · 1.9 mi

    Revenue $446ADR $223Occ ≈ 1%4.9★ (41)

    AirbnbVrbo

  • Big Bear Getaway!

    Chalet · 3 bd · 2.5 ba · sleeps 8 · 2.0 mi

    Revenue $28,638ADR $185Occ ≈ 42%4.7★ (222)

    AirbnbVrbo

  • 3rd Night FREE Blue Snowflake Big Bear Mtn. Resort

    Cabin · 3 bd · 1.5 ba · sleeps 10 · 2.0 mi

    Revenue $3,876ADR $343Occ ≈ 3%5★ (1)

    Airbnb

  • Cedar Creek

    House · 3 bd · 2 ba · sleeps 8 · 2.0 mi

    Revenue $14,454ADR $229Occ ≈ 17%4.6★ (62)

    Airbnb

  • STAR WARS family cabin+HOT TUB+EV outlet+GAME R00M

    Cabin · 3 bd · 1.5 ba · sleeps 10 · 2.0 mi

    Revenue $41,852ADR $321Occ ≈ 36%5★ (228)

    AirbnbVrbo

  • Entire Home • 4 Beds • 3 Bedroom Big Bear

    House · 3 bd · 3 ba · sleeps 7 · 2.0 mi

    Revenue $19,757ADR $327Occ ≈ 17%5★ (135)

    Airbnb

  • A Frame Escape ! Fully fenced!

    Cabin · 3 bd · 2 ba · sleeps 8 · 2.1 mi

    Revenue $20,640ADR $134Occ ≈ 42%4.5★ (165)

    AirbnbVrbo

  • Bluebird Haven

    Cabin · 3 bd · 2 ba · sleeps 8 · 2.1 mi

    Revenue $10,517ADR $272Occ ≈ 11%5★ (19)

    Airbnb

  • Summer retreat-Hot Tub, Arcade, Play Room

    Cabin · 3 bd · 2 ba · sleeps 10 · 2.1 mi

    Revenue $41,395ADR $302Occ ≈ 38%4.8★ (87)

    AirbnbVrbo

  • Beary Peaceful Fam Retreat; Ping Pong, SPA & AC

    Cabin · 3 bd · 3 ba · sleeps 8 · 2.1 mi

    Revenue $43,436ADR $295Occ ≈ 40%4.8★ (75)

    Airbnb

  • Beary Peaceful

    Vacation home · 3 bd · 3 ba · sleeps 8 · 2.1 mi

    Revenue $40,091ADR $249Occ ≈ 44%—

    Booking

  • Hershey Bear Cabin:NEW! Igloo,Hot Tub,Dog Friendly

    Cabin · 3 bd · 1.5 ba · sleeps 6 · 2.2 mi

    Revenue $38,403ADR $409Occ ≈ 26%4.9★ (47)

    Airbnb

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

Financing
Term

Rate 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium

Est. revenue

$22,216

NOI

$5,066

Cash flow /mo

-$1,830

Cash needed

$140,720

Cash-on-cash

-15.6%

ROE (yr 1)

-4.8%

Cap rate

1.2%

DSCR

0.19

Year-1 write-off

$101,401

Year-1 tax shield @ 32%

$32,448

Year-1 return on equity

  • Cash flow (annual)-$21,964
  • Principal paydown$2,735
  • Appreciation at%$12,540
ROE-4.8%
ROE incl. year-1 tax savings (32% bracket, STR loophole)18.3%
Opex, cash-needed & tax-savings breakdown

Annual operating expenses

  • Management (20% of revenue)$4,443
  • Platform fees (3% of revenue)$666
  • Maintenance / capex (5% of revenue)$1,111
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$5,225
  • Insurance (STR-rated)$2,132

Cash needed to close

  • Down payment (25%)$104,500
  • Closing costs (4.0%)$16,720
  • Furnishing (bought new)$19,500

Tax savings if the STR loophole applies

  • Tax shield @ 32%$32,448

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

$334,000

Short-life (5/15-yr)

$81,000 · 24%

Year-1 deduction

$101,000

Year-1 tax shield @ 32%

$32,000

Land 20% (county tax record, assessed value split) · building $253,000 over 39 years · new furniture $20,000

Based on: ~1,900 sq ft (from beds), built 1991, 3 bd / 2 ba, unfurnished, listing features (deck, fireplace, appliance list, septic).

IRS-guide safe-harbor floor: $60,000 in year 1 (12% short-life, $19,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$57,900
  • Kitchen cabinetsdefault

    $10,000 new × 40% good × 2.08 allocation

    $8,300
  • Kitchen countertopsdefault

    $8,200 new × 40% good × 2.08 allocation

    $6,800
  • Decorative trimdefault

    $3,300 new × 40% good × 2.08 allocation

    $2,800
  • Mirrorsdefault

    $300 new × 40% good × 2.08 allocation

    $300
  • Shelvingdefault

    $1,200 new × 40% good × 2.08 allocation

    $1,000
  • Window coverings (19)default

    $4,800 new × 40% good × 2.08 allocation

    $4,000
  • Carpet, vinyl & laminate (40% of floors)default

    $4,900 new × 40% good × 2.08 allocation

    $4,100
  • Kitchen & laundry equipment plumbingdefault

    $7,800 new × 40% good × 2.08 allocation

    $6,500
  • Kitchen, laundry & data equipment electricaldefault

    $4,700 new × 40% good × 2.08 allocation

    $3,900
  • Appliances (dishwasher)listing

    $1,000 new × 40% good × 2.08 allocation

    $800
  • Furniture bought newlisting

    $19,500 new × 100% good · bought separately

    $19,500
15-year land improvements$42,700
  • Paving: driveway & walks (paved)default

    $9,000 new × 50% good × 2.08 allocation

    $9,400
  • Landscaping (typical)default

    $8,700 new × 50% good × 2.08 allocation

    $9,100
  • Patiosdefault

    $1,900 new × 50% good × 2.08 allocation

    $2,000
  • Decks & porches (attached)listing

    $21,400 new × 50% good × 2.08 allocation

    $22,300
Building, 39-year$253,300
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $206,100 new × 42% good × 2.08 allocation

    $179,000
  • Building plumbing & fixturesdefault

    $21,400 new × 40% good × 2.08 allocation

    $17,800
  • Building electrical & lightingdefault

    $21,400 new × 40% good × 2.08 allocation

    $17,800
  • HVACdefault

    $21,400 new × 40% good × 2.08 allocation

    $17,800
  • Hardwood & tile floorsdefault

    $7,300 new × 40% good × 2.08 allocation

    $6,100
  • Fireplacelisting

    $2,600 new × 40% good × 2.08 allocation

    $2,200
  • Septic systemlisting

    $12,000 new × 50% good × 2.08 allocation

    $12,500

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$57,900$42,700$800$101,400
2$0$0$6,500$6,500
3$0$0$6,500$6,500
4$0$0$6,500$6,500
5$0$0$6,500$6,500
6+$0$0$226,500$226,500
Total$57,900$42,700$253,300$353,900

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.