39196 Seminole Dr
Fawnskin, CA 92333
$759,000
3 bd · 2 ba · Listed 4d ago
View on Realtor.com →Year built
2000
Sqft
—
Lot sqft
15,894
HOA / mo
None
Furnished
Yes
List date
2026-09-25T04:49:46.000000Z
Revenue
Annual revenue
$31,189
ADR
$473
Occupancy
18%
Cleaning fees (12 mo)
$5,356
Confidence
Low (28.31), 21 comps
Comp revenue range (p25 / median / p75)
Sueños Azules- Fawnskin Retreat Cottage in Big Bear
Vacation home · 3 bd · 2 ba · sleeps 7 · 0.2 mi
Revenue $61,456ADR $850Occ ≈ 20%—
Pleasant Pause Family Retreat | Across from Lake | Fawnskin, Big Bear
Vacation home · 3 bd · 3 ba · sleeps 8 · 0.2 mi
Revenue $12,887ADR $416Occ ≈ 8%—
Authentic Pet-Friendly Cabin Retreat Nestled Among the Pines
Vacation home · 3 bd · 3 ba · sleeps 8 · 0.3 mi
Revenue $6,881ADR $3,154Occ ≈ 1%—
Fawnskin Gem | Deck, Firepit & Backyard
House · 3 bd · 2.5 ba · sleeps 8 · 0.3 mi
Revenue $0ADR $0Occ ≈ ——
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Lakefront Oasis Chalet | 3 bd · 3 ba · sleeps 6 | $45,299 | $474 | 26% | 4.8★ (63) | 0.1 mi | AirbnbVrboBooking |
Sueños Azules- Fawnskin Retreat Cottage in Big Bear Vacation home | 3 bd · 2 ba · sleeps 7 | $61,456 | $850 | 20% | — | 0.2 mi | Booking |
Blue Dreams - Fawnskin Retreat in Big Bear Cabin | 3 bd · 1.5 ba · sleeps 7 | $18,898 | $658 | 8% | 3.6★ (3) | 0.2 mi | AirbnbVrboBooking |
Pleasant Pause Fawnskin- Lakeside Family Retreat Cabin | 3 bd · 3 ba · sleeps 8 | $23,852 | $634 | 10% | 4.5★ (2) | 0.2 mi | AirbnbVrboBooking |
Pleasant Pause Family Retreat | Across from Lake | Fawnskin, Big Bear Vacation home | 3 bd · 3 ba · sleeps 8 | $12,887 | $416 | 8% | — | 0.2 mi | Booking |
Blue Jay Cottage: Fawnskin!Guest Quarters!Vintage! House | 3 bd · 2 ba · sleeps 6 | $7,089 | $239 | 8% | 4.4★ (62) | 0.3 mi | AirbnbVrbo |
Fawnskin Gem | Deck, Firepit & Backyard House | 3 bd · 2.5 ba · sleeps 8 | $29,790 | $382 | 21% | 4.5★ (9) | 0.3 mi | AirbnbVrboBooking |
Authentic Pet-Friendly Cabin Retreat Nestled Among the Pines Vacation home | 3 bd · 3 ba · sleeps 8 | $6,881 | $3,154 | 1% | — | 0.3 mi | Booking |
Fawnskin Gem | Deck, Firepit & Backyard House | 3 bd · 2.5 ba · sleeps 8 | $0 | $0 | — | — | 0.3 mi | Airbnb |
Postcard Mountain Retreat: Scenic Views & Hot Tub! Cabin | 3 bd · 2 ba · sleeps 6 | $48,465 | $354 | 38% | 5★ (30) | 0.3 mi | AirbnbVrboBooking |
Show all 21 comps
Vivienda De Osos Walk to the Lake Spacious Fawnskin Retreat Chalet
Vacation home · 3 bd · 3 ba · sleeps 10 · 0.4 mi
Revenue $52,122ADR $865Occ ≈ 17%—
Escape noise and reset serene Big Bear retreat
House · 3 bd · 2 ba · sleeps 8 · 0.5 mi
Revenue $611ADR $611Occ ≈ 0%5★ (1)
Idle Ours Cabin ~ Rustic and Cozy Cabin with Fireplace & Private BBQ - Walk to Big Bear Lake
Vacation home · 3 bd · 1 ba · sleeps 6 · 0.7 mi
Revenue $47,554ADR $481Occ ≈ 27%—
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Pinglewood Cabin in Fawnskin- Cabin | 3 bd · 1 ba · sleeps 7 | $17,759 | $273 | 18% | 4.8★ (18) | 0.4 mi | AirbnbBooking |
Walk to Lake: Rustic Home w/ Deck in Fawnskin House | 3 bd · 1.5 ba · sleeps 6 | $17,247 | $204 | 23% | 4.4★ (90) | 0.4 mi | AirbnbVrboBooking |
Navigate Stays Cabin w Firepit & Mountain Views House | 3 bd · 2 ba · sleeps 8 | $10,205 | $270 | 10% | 4.7★ (13) | 0.4 mi | AirbnbBooking |
Fawnskin Modern | Lake Views, Deck, BBQ House | 3 bd · 3 ba · sleeps 8 | $60,005 | $520 | 32% | 5★ (22) | 0.4 mi | AirbnbVrboBooking |
Vivienda De Osos Walk to the Lake Spacious Fawnskin Retreat Chalet Vacation home | 3 bd · 3 ba · sleeps 10 | $52,122 | $865 | 17% | — | 0.4 mi | Booking |
Lakeview mountain retreat Cabin | 3 bd · 3 ba · sleeps 10 | $58,001 | $998 | 16% | 5★ (1) | 0.4 mi | AirbnbVrboBooking |
The Fawnskin Hideaway+ Lake View + BBQ/Patio! House | 3 bd · 2.5 ba · sleeps 8 | $31,043 | $266 | 32% | 4.2★ (5) | 0.4 mi | AirbnbVrboBooking |
NEW Hot Tub! VIEW-Walk to Marina. Close Slopes FC Cabin | 3 bd · 3 ba · sleeps 8 | $16,423 | $567 | 8% | 4.6★ (57) | 0.4 mi | AirbnbVrboBooking |
Escape noise and reset serene Big Bear retreat House | 3 bd · 2 ba · sleeps 8 | $611 | $611 | 0% | 5★ (1) | 0.5 mi | Airbnb |
Idle Ours Cabin ~ Rustic and Cozy Cabin with Fireplace & Private BBQ - Walk to Big Bear Lake Vacation home | 3 bd · 1 ba · sleeps 6 | $47,554 | $481 | 27% | — | 0.7 mi | Booking |
Fireplace + Game Room + Panoramic Lake Views Cabin | 3 bd · 3 ba · sleeps 8 | $26,045 | $460 | 16% | 4.2★ (23) | 0.7 mi | AirbnbVrboBooking |
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
$31,189
NOI
$6,036
Cash flow /mo
-$3,587
Cash needed
$220,110
Cash-on-cash
-19.6%
ROE (yr 1)
-7.0%
Cap rate
0.8%
DSCR
0.12
Year-1 write-off
$126,374
Year-1 tax shield @ 32%
$40,440
Year-1 return on equity
- Cash flow (annual)-$43,044
- Principal paydown$4,967
- Appreciation at%$22,770
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$6,238
- Platform fees (3% of revenue)$936
- Maintenance / capex (5% of revenue)$1,559
- Utilities & supplies$4,200
- HOA$0
- Property tax$9,488
- Insurance (STR-rated)$3,871
Cash needed to close
- Down payment (25%)$189,750
- Closing costs (4.0%)$30,360
- Furnishing (conveyed with the sale)$0
Tax savings if the STR loophole applies
- Tax shield @ 32%$40,440
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
$609,000
Short-life (5/15-yr)
$125,000 · 21%
Year-1 deduction
$126,000
Year-1 tax shield @ 32%
$40,000
Land 20% (county tax record, assessed value split) · building $484,000 over 39 years
Based on: ~1,900 sq ft (from beds), built 2000, 3 bd / 2 ba, furnished, listing features (fence, fireplace, stone counters, flooring types, appliance list).
IRS-guide safe-harbor floor: $91,000 in year 1 (15% short-life, $29,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $12,800
Kitchen cabinetsdefault
$10,000 new × 40% good × 3.22 allocation
- $13,100
Kitchen countertops (stone)listing
$10,200 new × 40% good × 3.22 allocation
- $4,300
Decorative trimdefault
$3,300 new × 40% good × 3.22 allocation
- $400
Mirrorsdefault
$300 new × 40% good × 3.22 allocation
- $1,500
Shelvingdefault
$1,200 new × 40% good × 3.22 allocation
- $6,100
Window coverings (19)default
$4,800 new × 40% good × 3.22 allocation
- $5,300
Carpet, vinyl & laminate (33% of floors)listing
$4,100 new × 40% good × 3.22 allocation
- $12,000
Kitchen & laundry equipment plumbingdefault
$7,800 new × 48% good × 3.22 allocation
- $7,200
Kitchen, laundry & data equipment electricaldefault
$4,700 new × 48% good × 3.22 allocation
- $9,900
Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing
$7,700 new × 40% good × 3.22 allocation
- $7,800
Furniture conveyed with the sale (used)listing
$19,500 new × 40% good · out of the price
- $14,600
Paving: driveway & walks (paved)default
$9,000 new × 50% good × 3.22 allocation
- $14,000
Landscaping (typical)default
$8,700 new × 50% good × 3.22 allocation
- $3,000
Patiosdefault
$1,900 new × 50% good × 3.22 allocation
- $3,000
Decks & porches (attached)default
$1,900 new × 50% good × 3.22 allocation
- $9,700
Fencinglisting
$6,000 new × 50% good × 3.22 allocation
- $376,400
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$206,100 new × 57% good × 3.22 allocation
- $33,100
Building plumbing & fixturesdefault
$21,400 new × 48% good × 3.22 allocation
- $33,000
Building electrical & lightingdefault
$21,400 new × 48% good × 3.22 allocation
- $27,600
HVACdefault
$21,400 new × 40% good × 3.22 allocation
- $10,500
Hardwood & tile floorsdefault
$8,200 new × 40% good × 3.22 allocation
- $3,400
Fireplacelisting
$2,600 new × 40% good × 3.22 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $80,500 | $44,300 | $1,600 | $126,400 |
| 2 | $0 | $0 | $12,400 | $12,400 |
| 3 | $0 | $0 | $12,400 | $12,400 |
| 4 | $0 | $0 | $12,400 | $12,400 |
| 5 | $0 | $0 | $12,400 | $12,400 |
| 6+ | $0 | $0 | $432,800 | $432,800 |
| Total | $80,500 | $44,300 | $483,900 | $608,800 |
The building's share of the price ($601,000) is 3.2x our depreciated replacement cost of the home ($186,000). The IRS guide treats a gap this size as a reason to review the land share: if land is worth more than the county ratio says, the basis and the write-off are smaller.
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.