STR Yield
← Back to deals
1520 Fallbrook Ct

1520 Fallbrook Ct

Big Bear City, CA 92314

$1,075,000

3 bd · 3.5 ba · 2,345 sqft · Listed 1d ago

View on Realtor.com →
Negative cash flow

Year built

2014

Sqft

2,345

Lot sqft

53,143

HOA / mo

$0

Furnished

Yes

List date

2026-10-01T18:00:17.000000Z

Revenue

Annual revenue

$27,179

ADR

$326

Occupancy

23%

Cleaning fees (12 mo)

$5,446

Confidence

Low (42.12), 23 comps

Comp revenue range (p25 / median / p75)

$18,255$25,009$31,601
  • Modern Big Bear Cabin w Game Room, Big Fenced Yard

    House · 3 bd · 2.5 ba · sleeps 8 · 0.4 mi

    Revenue $51,036ADR $268Occ ≈ 52%5★ (88)

    AirbnbVrbo

  • Family & Pet friendly. Jacuzzi & window AC unit.

    Cabin · 3 bd · 3.5 ba · sleeps 6 · 0.4 mi

    Revenue $19,992ADR $242Occ ≈ 23%4.8★ (77)

    AirbnbVrbo

  • Modern Home, Hot Tub, Pool Table, Open Family Room

    House · 3 bd · 2.5 ba · sleeps 10 · 0.5 mi

    Revenue $30,485ADR $378Occ ≈ 22%5★ (29)

    Airbnb

  • Log Cabin, Dual Masters, Fireplace, Foosball

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.5 mi

    Revenue $17,284ADR $459Occ ≈ 10%4.8★ (5)

    AirbnbVrboBooking

  • Custom Home Mins from lake with hot tub spa

    House · 3 bd · 2.5 ba · sleeps 6 · 0.5 mi

    Revenue $22,762ADR $204Occ ≈ 31%5★ (160)

    AirbnbVrbo

  • Mountain Retreat near Big Bear Lake – 3 BR, 2. BA,

    Cottage · 3 bd · 2.5 ba · sleeps 8 · 0.5 mi

    Revenue $712ADR $356Occ ≈ 1%5★ (1)

    AirbnbVrbo

  • Sugarbear Cabin

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.5 mi

    Revenue $27,352ADR $301Occ ≈ 25%5★ (10)

    Airbnb

  • Three 3's Cabin|Gated, AC, dogs ok, Spa, Lrg Yard

    Cabin · 3 bd · 2.5 ba · sleeps 7 · 0.5 mi

    Revenue $26,723ADR $223Occ ≈ 33%4.7★ (29)

    AirbnbVrbo

  • Golden Bear at Shay Meadow - Hot Tub- Foosball-

    Cabin · 3 bd · 4 ba · sleeps 8 · 0.6 mi

    Revenue $30,536ADR $1,782Occ ≈ 5%—

    AirbnbBooking

  • Golden Bear at Shay Meadow - Hot Tub- Foosball-

    Cabin · 3 bd · 4 ba · sleeps 8 · 0.6 mi

    Revenue $873ADR $291Occ ≈ 1%—

    Airbnb

Show all 23 comps
  • New Listing! 2390- Golden Bear at Shay Meadows

    Cabin · 3 bd · 4 ba · sleeps 8 · 0.6 mi

    Revenue $25,260ADR $1,278Occ ≈ 5%—

    AirbnbVrboBooking

  • PK Serene 3BR Cabin w/ Hot Tub & Outdoor Projector

    House · 3 bd · 2.5 ba · sleeps 8 · 0.6 mi

    Revenue $25,009ADR $380Occ ≈ 18%4.8★ (389)

    AirbnbVrbo

  • Cozy Cabin: Your Big Bear Retreat with jaccuzi

    House · 3 bd · 2.5 ba · sleeps 8 · 0.6 mi

    Revenue $20,714ADR $388Occ ≈ 15%4.7★ (14)

    Airbnb

  • Big Bear Cabin Directly Across Forest Trails

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.6 mi

    Revenue $7,327ADR $563Occ ≈ 4%5★ (7)

    AirbnbVrbo

  • Almost new charming Cabin With 3 bedrooms 3Bath

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.6 mi

    Revenue $10,439ADR $299Occ ≈ 10%4.7★ (3)

    Airbnb

  • Family Cabin | Large Fenced Yard Retreat

    Cabin · 3 bd · 3 ba · sleeps 9 · 0.7 mi

    Revenue $19,560ADR $473Occ ≈ 11%3.8★ (4)

    AirbnbVrboBooking

  • 3Bedroom 3Bathrooms 4beds

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.7 mi

    Revenue $10,011ADR $282Occ ≈ 10%4.7★ (3)

    Airbnb

  • Adventure Escape: Snow & Trails Nearby, Sleeps 8

    House · 3 bd · 3.5 ba · sleeps 8 · 0.7 mi

    Revenue $19,225ADR $284Occ ≈ 19%4.8★ (47)

    Airbnb

  • Modern Cabin w/Mtn Views/Pool Table/Jacuzzi for 8

    House · 3 bd · 2.5 ba · sleeps 8 · 0.7 mi

    Revenue $41,893ADR $534Occ ≈ 21%4.8★ (334)

    AirbnbVrbo

  • Pet Friendly Pickleball Paradise and Hot Tub

    House · 3 bd · 2.5 ba · sleeps 8 · 0.7 mi

    Revenue $43,302ADR $283Occ ≈ 42%5★ (49)

    AirbnbVrboBooking

  • Hot Tub, Fenced Yard, & Firepit | Dog Friendly

    House · 3 bd · 3 ba · sleeps 7 · 0.7 mi

    Revenue $56,314ADR $280Occ ≈ 55%5★ (26)

    AirbnbVrbo

  • Central AC! Maple Ridge Getaway in Big Bear

    House · 3 bd · 2.5 ba · sleeps 6 · 0.7 mi

    Revenue $32,666ADR $340Occ ≈ 26%5★ (124)

    AirbnbVrbo

  • Gold Rush Retreat, Sleeps 10, Mountain Views

    House · 3 bd · 3 ba · sleeps 10 · 0.7 mi

    Revenue $34,600ADR $251Occ ≈ 38%4.9★ (77)

    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
Management

Est. revenue

$27,179

NOI

-$1,939

Cash flow /mo

-$162

Cash needed

$1,118,000

Cash-on-cash (all cash)

-0.2%

ROE (yr 1)

2.7%

Cap rate

-0.2%

DSCR

—

Year-1 write-off

$162,671

Year-1 tax shield @ 32%

$52,055

Year-1 return on equity

  • Cash flow (annual)-$1,939
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$32,250
ROE2.7%

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)$5,436
  • Platform fees (3% of revenue)$815
  • Maintenance / capex (5% of revenue)$1,359
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$13,438
  • Insurance (STR-rated)$5,483

Cash needed to close

  • Purchase price (all cash)$1,075,000
  • Closing costs (4.0%)$43,000
  • Furnishing (conveyed with the sale)$0

Tax savings if the STR loophole applies

  • Tax shield @ 32%$52,055

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

$785,000

Short-life (5/15-yr)

$162,000 · 21%

Year-1 deduction

$163,000

Year-1 tax shield @ 32%

$52,000

Land 27% (county tax record, assessed value split) · building $623,000 over 39 years

Based on: 2,345 sq ft, built 2014, 3 bd / 3.5 ba, furnished, listing features (deck, patio, fence, fireplace, stone counters, flooring types, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $97,000 in year 1 (12% short-life, $31,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$85,500
  • Kitchen cabinetsdefault

    $10,900 new × 52% good × 2.40 allocation

    $13,600
  • Kitchen countertops (stone)listing

    $11,200 new × 52% good × 2.40 allocation

    $13,900
  • Decorative trimdefault

    $4,100 new × 52% good × 2.40 allocation

    $5,100
  • Mirrorsdefault

    $500 new × 40% good × 2.40 allocation

    $400
  • Shelvingdefault

    $1,200 new × 52% good × 2.40 allocation

    $1,500
  • Window coverings (23)default

    $5,800 new × 40% good × 2.40 allocation

    $5,500
  • Carpet, vinyl & laminate (50% of floors)listing

    $7,500 new × 40% good × 2.40 allocation

    $7,200
  • Kitchen & laundry equipment plumbingdefault

    $8,500 new × 76% good × 2.40 allocation

    $15,500
  • Kitchen, laundry & data equipment electricaldefault

    $5,100 new × 76% good × 2.40 allocation

    $9,400
  • Appliances (range, microwave, dishwasher, refrigerator)listing

    $5,700 new × 40% good × 2.40 allocation

    $5,500
  • Furniture conveyed with the sale (used)listing

    $19,500 new × 40% good · out of the price

    $7,800
15-year land improvements$76,500
  • Paving: driveway & walks (paved)default

    $10,000 new × 52% good × 2.40 allocation

    $12,500
  • Landscaping (typical)default

    $9,700 new × 52% good × 2.40 allocation

    $12,000
  • Patioslisting

    $10,600 new × 52% good × 2.40 allocation

    $13,200
  • Decks & porches (attached)listing

    $26,400 new × 50% good × 2.40 allocation

    $31,600
  • Fencinglisting

    $6,000 new × 50% good × 2.40 allocation

    $7,200
Building, 39-year$623,400
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $254,600 new × 80% good × 2.40 allocation

    $488,100
  • Building plumbing & fixturesdefault

    $26,400 new × 76% good × 2.40 allocation

    $48,100
  • Building electrical & lightingdefault

    $27,000 new × 76% good × 2.40 allocation

    $49,200
  • HVACdefault

    $26,400 new × 40% good × 2.40 allocation

    $25,300
  • Hardwood & tile floorsdefault

    $7,500 new × 52% good × 2.40 allocation

    $9,400
  • Fireplacelisting

    $2,600 new × 52% good × 2.40 allocation

    $3,300

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$85,500$76,500$700$162,700
2$0$0$16,000$16,000
3$0$0$16,000$16,000
4$0$0$16,000$16,000
5$0$0$16,000$16,000
6+$0$0$558,800$558,800
Total$85,500$76,500$623,400$785,400

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.