39989 Hillcrest Dr
Big Bear Lake, CA 92315
$510,000
2 bd · 2 ba · Listed 1d ago
View on Realtor.com →Year built
1960
Sqft
—
Lot sqft
9,080
HOA / mo
None
Furnished
Yes
List date
2026-10-24T15:40:52.000000Z
Revenue
Annual revenue
$26,121
ADR
$253
Occupancy
28%
Cleaning fees (12 mo)
$5,789
Confidence
Low (23.65), 50 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $18,411
Hot Tub, Near Village/Lake - Kelly's Kottage
Cabin · 2 bd · 2 ba · sleeps 6 · 69 ft
Revenue $24,493ADR $372Occ ≈ 18%4.5★ (69)
Big Bear Family Cabin | Bunk Room | Sleeps 7
Cabin · 2 bd · 1 ba · sleeps 7 · 0.1 mi
- Pool
- Free parking
- Pets OK
- Wifi
- +1
Revenue $1,514ADR $194Occ ≈ 2%5★ (1)
Mountain Lodge Retreat | 2BR | Smart TV |Sleeps 6
Cabin · 2 bd · 1 ba · sleeps 6 · 0.1 mi
Revenue $4,071ADR $123Occ ≈ 9%—
Delisted
Family Cabin in Big Bear | King+2 Queens | Porch
Cabin · 2 bd · 1 ba · sleeps 7 · 0.1 mi
Revenue $5,673ADR $141Occ ≈ 11%—
Delisted
Adventure Cabin in Big Bear | Bunk Room | Sleeps 6
Cabin · 2 bd · 1 ba · sleeps 6 · 0.1 mi
- Pool
- Free parking
- Pets OK
- Wifi
- +1
Revenue $803ADR $156Occ ≈ 1%4★ (1)
Bear Loft Haven
Apartment · 2 bd · 1 ba · sleeps 6 · 0.1 mi
Revenue $562ADR $281Occ ≈ 1%2★ (1)
Delisted
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Hot Tub, Near Village/Lake - Kelly's Kottage Cabin | 2 bd · 2 ba · sleeps 6 | $24,493 | $372 | 18% | 4.5★ (69) | 69 ft | Airbnb |
Hot Tub, Near Village/Lake, Pet Friendly Cabin
| 2 bd · 2 ba · sleeps 6 | $27,422 | $410 | 18% | 4.5★ (3) | 89 ft | AirbnbVrboBooking |
Hot Tub Retreat Close to Slopes & Village, Hot Tub Cabin
| 2 bd · 1 ba · sleeps 4 | $50,477 | $318 | 43% | 4.5★ (76) | 161 ft | AirbnbVrboBooking |
Cozy Cabin w/ Hottub, Fireplace, & Yard for Pets House
| 2 bd · 1 ba · sleeps 4 | $43,242 | $211 | 56% | 5★ (126) | 217 ft | AirbnbVrbo |
Walk to Village + Lake | Hot Tub | Dog-Friendly Cabin
| 2 bd · 2 ba · sleeps 6 | $20,449 | $335 | 17% | 4.9★ (133) | 0.1 mi | AirbnbVrbo |
Big Bear Family Cabin | Bunk Room | Sleeps 7 Cabin
| 2 bd · 1 ba · sleeps 7 | $1,514 | $194 | 2% | 5★ (1) | 0.1 mi | Airbnb |
Mountain Lodge Retreat | 2BR | Smart TV |Sleeps 6 Cabin | 2 bd · 1 ba · sleeps 6 | $4,071 | $123 | 9% | — | 0.1 mi | Delisted |
Family Cabin in Big Bear | King+2 Queens | Porch Cabin | 2 bd · 1 ba · sleeps 7 | $5,673 | $141 | 11% | — | 0.1 mi | Delisted |
Adventure Cabin in Big Bear | Bunk Room | Sleeps 6 Cabin
| 2 bd · 1 ba · sleeps 6 | $803 | $156 | 1% | 4★ (1) | 0.1 mi | Airbnb |
Bear Loft Haven Apartment | 2 bd · 1 ba · sleeps 6 | $562 | $281 | 1% | 2★ (1) | 0.1 mi | Delisted |
Show 35 more
Orchard Family Cabin #2560
Vacation home · 2 bd · 2 ba · sleeps 4 · 0.1 mi
Revenue $56,731ADR $466Occ ≈ 33%—
Cottage 1A: Modern cabin with a deck. No kitchen
Cottage · 2 bd · 1 ba · sleeps 8 · 0.2 mi
- A/C
- Free parking
- Pets OK
- Wifi
Revenue $7,885ADR $198Occ ≈ 11%4★ (4)
Lazy Pines Cabin & Lake House
Cabin · 2 bd · 1 ba · sleeps 6 · 0.2 mi
- Hot tub
- A/C
- Free parking
- Pets OK
- +4
Revenue $28,651ADR $179Occ ≈ 44%4.8★ (38)
The Cozy Chalet
Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi
- Free parking
- Wifi
- Kitchen
- Washer
- +1
Revenue $16,858ADR $271Occ ≈ 17%4.8★ (327)
Big Bear Lake Charming Cabin
House · 2 bd · 1 ba · sleeps 5 · 0.2 mi
- Free parking
- Wifi
- Kitchen
- Washer
Revenue $18,719ADR $214Occ ≈ 24%4.9★ (166)
Casa catalina #667
Vacation home · 2 bd · 1 ba · sleeps 4 · 0.2 mi
Revenue $7,270ADR $266Occ ≈ 7%—
A frame jacuzzi perfect location
Cabin · 2 bd · 1 ba · sleeps 5 · 0.2 mi
- Hot tub
- A/C
- Free parking
- Wifi
- +4
Revenue $31,502ADR $177Occ ≈ 49%4.5★ (51)
cottage bigbear
Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $13,511ADR $266Occ ≈ 14%—
Delisted
Cabin Rental | Mountain Getaway | Big Bear
Cabin · 2 bd · 1.5 ba · sleeps 6 · 0.2 mi
Revenue $17,428ADR $319Occ ≈ 15%1★ (1)
Delisted
Lucky Bear Cabin
Vacation home · 2 bd · 1 ba · sleeps 5 · 0.2 mi
Revenue $36,089ADR $272Occ ≈ 36%4★ (1)
Bear 'n Tree - Walk to Lake & Village, Fireplace, Barbecue
Vacation home · 2 bd · 2 ba · sleeps 5 · 0.2 mi
Revenue $9,986ADR $278Occ ≈ 10%0.5★ (1)
Cozy Cabin Close to the Village
Cabin · 2 bd · 1 ba · sleeps 4 · 0.2 mi
- Free parking
- Pets OK
- Wifi
- Kitchen
- +1
Revenue $23,832ADR $164Occ ≈ 40%4.8★ (164)
Five Pines - Beautifully updated gambrel cabin with Hot Tub and Fenced Yard!
Vacation home · 2 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $39,015ADR $302Occ ≈ 35%5★ (1)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
Orchard Family Cabin #2560 Vacation home | 2 bd · 2 ba · sleeps 4 | $56,731 | $466 | 33% | — | 0.1 mi | Booking |
Best in Big Bear! HUGE private yard. Bring Fido! House | 2 bd · 1 ba · sleeps 4 | $35,651 | $303 | 32% | 5★ (119) | 0.2 mi | AirbnbVrbo |
Teddy Bear Lodge: Rocky Mtn Log Home! Internet! House
| 2 bd · 2 ba · sleeps 5 | $35,230 | $216 | 45% | 4.8★ (98) | 0.2 mi | AirbnbVrbo |
Hot Tub + Fenced Yard | Walk to Lake+Village Cabin
| 2 bd · 2 ba · sleeps 6 | $20,852 | $319 | 18% | 4.5★ (22) | 0.2 mi | AirbnbVrbo |
Cottage 1A: Modern cabin with a deck. No kitchen Cottage
| 2 bd · 1 ba · sleeps 8 | $7,885 | $198 | 11% | 4★ (4) | 0.2 mi | Airbnb |
Bear Necessities Cabin
| 2 bd · 1 ba · sleeps 4 | $9,751 | $230 | 12% | 5★ (2) | 0.2 mi | AirbnbVrbo |
Fire Pit | Walk/Bike to Trails | No Stairs Cabin | 2 bd · 1 ba · sleeps 4 | $55,146 | $415 | 36% | 5★ (2) | 0.2 mi | AirbnbVrbo |
Jaybird Cabin Cabin | 2 bd · 1 ba · sleeps 4 | $11,176 | $328 | 9% | 4.5★ (21) | 0.2 mi | Airbnb |
Big Bear Escape: Gameroom! Spa! Fenced Yard! House | 2 bd · 2 ba · sleeps 6 | $44,498 | $291 | 42% | 5★ (66) | 0.2 mi | AirbnbVrbo |
Jaybird Cabin - Hot Tub, Fenced Backyard, Dogs OK Cabin
| 2 bd · 1 ba · sleeps 4 | $6,865 | $180 | 10% | 4.5★ (2) | 0.2 mi | AirbnbVrbo |
Lazy Pines Cabin & Lake House Cabin
| 2 bd · 1 ba · sleeps 6 | $28,651 | $179 | 44% | 4.8★ (38) | 0.2 mi | Airbnb |
The Cozy Chalet Cabin
| 2 bd · 2 ba · sleeps 6 | $16,858 | $271 | 17% | 4.8★ (327) | 0.2 mi | Airbnb |
Modern Rustic Escape, Romantic Hot Tub, Firepit Cabin
| 2 bd · 1.5 ba · sleeps 5 | $12,813 | $266 | 13% | 5★ (13) | 0.2 mi | AirbnbVrbo |
Big Bear Lake Charming Cabin House
| 2 bd · 1 ba · sleeps 5 | $18,719 | $214 | 24% | 4.9★ (166) | 0.2 mi | Vrbo |
Orchard Family Cabin | Walk to Lake/Village Home Cabin
| 2 bd · 2 ba · sleeps 4 | $35,811 | $339 | 29% | 4.8★ (24) | 0.2 mi | AirbnbVrbo |
Hot Tub! Fenced Yard! Near Lake! Outdoor Living! House
| 2 bd · 2 ba · sleeps 5 | $47,665 | $257 | 51% | 4.7★ (132) | 0.2 mi | AirbnbVrbo |
Hot Tub + Fenced Yard | Walk to Lake Cabin
| 2 bd · 1 ba · sleeps 5 | $18,411 | $232 | 22% | 4.5★ (38) | 0.2 mi | AirbnbVrboBooking |
Blue Bear Lodge Cabin 1-Indulge In Mountain Modern Cabin
| 2 bd · 1 ba · sleeps 4 | $10,822 | $228 | 13% | 4.5★ (18) | 0.2 mi | AirbnbBooking |
Pine Nest Marina Retreat at Big Bear- Marina Area Cabin
| 2 bd · 2 ba · sleeps 7 | $14,122 | $570 | 7% | 4★ (7) | 0.2 mi | AirbnbVrboBooking |
Casa catalina #667 Vacation home | 2 bd · 1 ba · sleeps 4 | $7,270 | $266 | 7% | — | 0.2 mi | Booking |
Hot Tub Cabin Near Village Shops & Dining Cabin | 2 bd · 1.5 ba · sleeps 6 | $34,921 | $314 | 30% | 4.5★ (44) | 0.2 mi | AirbnbBooking |
A frame jacuzzi perfect location Cabin
| 2 bd · 1 ba · sleeps 5 | $31,502 | $177 | 49% | 4.5★ (51) | 0.2 mi | Airbnb |
Adorable Casa Catalina Village Cabin at Big Bear Cabin
| 2 bd · 1 ba · sleeps 4 | $9,185 | $303 | 8% | 4.3★ (22) | 0.2 mi | AirbnbVrboBooking |
Cabin 14 is stand alone 2 bedrooms 1 Q 5 Single Cabin | 2 bd · 1 ba · sleeps 8 | $11,364 | $315 | 10% | 4.8★ (18) | 0.2 mi | AirbnbVrbo |
cottage bigbear Cabin | 2 bd · 2 ba · sleeps 6 | $13,511 | $266 | 14% | — | 0.2 mi | Delisted |
Cabin Rental | Mountain Getaway | Big Bear Cabin | 2 bd · 1.5 ba · sleeps 6 | $17,428 | $319 | 15% | 1★ (1) | 0.2 mi | Delisted |
Massive Mtn View Deck @ Lucky Bear, Hot Tub & Hike Cabin
| 2 bd · 1 ba · sleeps 5 | $32,883 | $265 | 34% | 4.7★ (68) | 0.2 mi | AirbnbVrbo |
Lucky Bear Cabin Vacation home | 2 bd · 1 ba · sleeps 5 | $36,089 | $272 | 36% | 4★ (1) | 0.2 mi | Booking |
Bear 'n Tree - Walk to Lake & Village, Fireplace, Barbecue Vacation home | 2 bd · 2 ba · sleeps 5 | $9,986 | $278 | 10% | 0.5★ (1) | 0.2 mi | Booking |
Cozy Cabin Close to the Village Cabin
| 2 bd · 1 ba · sleeps 4 | $23,832 | $164 | 40% | 4.8★ (164) | 0.2 mi | Airbnb |
Five Pines - Beautifully updated gambrel cabin with Hot Tub and Fenced Yard! Vacation home | 2 bd · 2 ba · sleeps 6 | $39,015 | $302 | 35% | 5★ (1) | 0.2 mi | Booking |
Big Bear Lake- walk to lake Cabin
| 2 bd · 2 ba · sleeps 5 | $6,111 | $225 | 7% | 4.8★ (452) | 0.2 mi | AirbnbVrbo |
Whispering Pines Nook | Mins to Lake, BBQ and Deck House
| 2 bd · 1 ba · sleeps 4 | $9,725 | $172 | 15% | 5★ (7) | 0.2 mi | AirbnbVrboBooking |
Arcade + Hot Tub Cabin | Walk to Lake & Shops Cabin
| 2 bd · 1.5 ba · sleeps 5 | $27,000 | $315 | 23% | 4.9★ (449) | 0.2 mi | AirbnbVrbo |
Bungalow in the Pines + Close 2 Lake and Village! Apartment | 2 bd · 1 ba · sleeps 4 | $11,712 | $144 | 22% | 5★ (9) | 0.3 mi | AirbnbBooking |
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 8.07% = 7.32% Freddie Mac 30-yr avg (Oct 22) + 0.75% investor premium
Est. revenue
$26,121
NOI
$6,396
Cash flow /mo
-$2,292
Cash needed
$147,900
Cash-on-cash
-18.6%
ROE (yr 1)
-6.1%
Cap rate
1.3%
DSCR
0.19
Year-1 write-off
$151,820
Year-1 tax shield @ 32%
$48,582
Year-1 return on equity
- Cash flow (annual)-$27,508
- Principal paydown$3,151
- Appreciation at%$15,300
Tax savings aren't counted. Turn on “Count tax savings in returns” above if you can use the losses.
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$5,224
- Platform fees (3% of revenue)$784
- Maintenance / capex (5% of revenue)$1,306
- Utilities & supplies$4,200
- HOA$0
- Property tax$6,842
- Insurance (STR-rated)$2,601
Cash needed to close
- Down payment (25%)$127,500
- Closing costs (4.0%)$20,400
- Furnishing (conveyed with the sale)$0
Tax savings if the STR loophole applies
- Tax shield @ 32%$48,582
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
$409,000
Short-life (5/15-yr)
$152,000 · 37%
Year-1 deduction
$152,000
Year-1 tax shield @ 32%
$49,000
Land 20% (county tax record, assessed value split) · building $258,000 over 39 years
Based on: ~1,400 sq ft (from beds), built 1960, 2 bd / 2 ba, furnished, listing features (hot tub, deck, patio, fence, fireplace, flooring types, appliance list).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $101,000 in year 1 (25% short-life, $32,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $11,400
Kitchen cabinetsdefault
$8,900 new × 40% good × 3.21 allocation
- $9,300
Kitchen countertopsdefault
$7,300 new × 40% good × 3.21 allocation
- $3,100
Decorative trimdefault
$2,500 new × 40% good × 3.21 allocation
- $400
Mirrorsdefault
$300 new × 40% good × 3.21 allocation
- $1,200
Shelvingdefault
$900 new × 40% good × 3.21 allocation
- $4,500
Window coverings (14)default
$3,500 new × 40% good × 3.21 allocation
- $11,600
Carpet, vinyl & laminate (100% of floors)listing
$9,000 new × 40% good × 3.21 allocation
- $8,900
Kitchen & laundry equipment plumbingdefault
$6,900 new × 40% good × 3.21 allocation
- $5,400
Kitchen, laundry & data equipment electricaldefault
$4,200 new × 40% good × 3.21 allocation
- $8,600
Appliances (range, microwave, refrigerator, washer, dryer)listing
$6,700 new × 40% good × 3.21 allocation
- $11,500
Hot tub (freestanding)listing
$9,000 new × 40% good × 3.21 allocation
- $6,400
Furniture conveyed with the sale (used)listing
$16,000 new × 40% good · out of the price
- $12,400
Paving: driveway & walks (paved)default
$7,800 new × 50% good × 3.21 allocation
- $12,000
Landscaping (typical)default
$7,500 new × 50% good × 3.21 allocation
- $10,100
Patioslisting
$6,300 new × 50% good × 3.21 allocation
- $25,300
Decks & porches (attached)listing
$15,800 new × 50% good × 3.21 allocation
- $9,600
Fencinglisting
$6,000 new × 50% good × 3.21 allocation
- $194,700
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$151,800 new × 40% good × 3.21 allocation
- $20,200
Building plumbing & fixturesdefault
$15,700 new × 40% good × 3.21 allocation
- $19,300
Building electrical & lightingdefault
$15,000 new × 40% good × 3.21 allocation
- $20,200
HVACdefault
$15,800 new × 40% good × 3.21 allocation
- $3,400
Fireplacelisting
$2,600 new × 40% good × 3.21 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $82,200 | $69,400 | $300 | $151,800 |
| 2 | $0 | $0 | $6,600 | $6,600 |
| 3 | $0 | $0 | $6,600 | $6,600 |
| 4 | $0 | $0 | $6,600 | $6,600 |
| 5 | $0 | $0 | $6,600 | $6,600 |
| 6+ | $0 | $0 | $231,000 | $231,000 |
| Total | $82,200 | $69,400 | $257,700 | $409,300 |
The building's share of the price ($403,000) is 3.2x our depreciated replacement cost of the home ($126,000). 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, Georgia and Wisconsin 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.