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Rate 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium

43051 Monterey St

43051 Monterey St

Big Bear Lake, CA 92315

$349,000

2 bd · 1 ba · 560 sqft · Listed 1d ago

View on Realtor.com →
Negative cash flow

Year built

1963

Sqft

560

Lot sqft

5,218

HOA / mo

$0

Furnished

No

List date

2026-10-01T17:53:15.000000Z

Revenue

Annual revenue

$29,879

ADR

$244

Occupancy

34%

Cleaning fees (12 mo)

$6,568

Confidence

Low (41.74), 50 comps

Comp revenue range (p25 / median / p75)

$13,392$27,830$39,740

  • Moonridge Cabin | Fireplace · Zoo · Pet Friendly

    Cabin · 2 bd · 1 ba · sleeps 3 · 131 ft

    Revenue $7,085ADR $129Occ ≈ 15%4.5★ (6)

    Airbnb

  • Bearfoot Cabin - Vintage Cabin in the Woods

    House · 2 bd · 1 ba · sleeps 4 · 131 ft

    Revenue $6,261ADR $225Occ ≈ 8%5★ (2)

    Airbnb

  • Epic Views | AC | Modern | Hot Tub | Desk | W/D

    Cabin · 2 bd · 2 ba · sleeps 4 · 154 ft

    Revenue $68,993ADR $336Occ ≈ 56%5★ (140)

    Airbnb

  • Scenic Big Bear Retreat- Relaxing Central Cottage

    Cabin · 2 bd · 1 ba · sleeps 6 · 223 ft

    Revenue $24,038ADR $282Occ ≈ 23%4.3★ (66)

    AirbnbVrboBooking

  • Cozy Haven Central Cottage at Big Bear

    Cabin · 2 bd · 2 ba · sleeps 6 · 262 ft

    Revenue $11,176ADR $289Occ ≈ 11%4.7★ (26)

    AirbnbVrboBooking

  • Scenic Retreat in Moonridge at Big Bear Lake

    Vacation home · 2 bd · 1 ba · sleeps 6 · 272 ft

    Revenue $23,033ADR $272Occ ≈ 23%2.2★ (2)

    Booking

  • Boho Barn | Dog Friendly+ Fenced yard +By the Lake

    Cabin · 2 bd · 2 ba · sleeps 6 · 322 ft

    Revenue $41,388ADR $202Occ ≈ 56%4.9★ (329)

    Airbnb

  • Treehaus Chalet | Epic Mtn Views & Hot Tub!

    Chalet · 2 bd · 2 ba · sleeps 5 · 322 ft

    Revenue $52,698ADR $306Occ ≈ 47%4.9★ (730)

    Airbnb

  • Bearfoot Bungalow - 2 Bedroom Cabin, sleeps 4

    Cabin · 2 bd · 1 ba · sleeps 4 · 325 ft

    Revenue $7,630ADR $161Occ ≈ 13%4.2★ (30)

    AirbnbVrbo

  • The Drowsy Den + Firepit/BBQ + Large Patio!

    Cabin · 2 bd · 2 ba · sleeps 6 · 338 ft

    Revenue $40,115ADR $196Occ ≈ 56%4.6★ (28)

    AirbnbVrboBooking

Show all 50 comps

  • Log Cabin 2+ 2 Game Room, Walk to Ski/Golf Shuttle

    Cabin · 2 bd · 2 ba · sleeps 5 · 338 ft

    Revenue $12,379ADR $272Occ ≈ 12%4.5★ (2)

    AirbnbVrboBooking

  • Cozy 2 bedroom, Smart TV, Barbecue, Deck

    Cabin · 2 bd · 2 ba · sleeps 5 · 348 ft

    Revenue $9,242ADR $314Occ ≈ 8%4.7★ (39)

    AirbnbVrboBooking

  • Modern Retreat | Spa, EV, Mountain Views & BBQ

    Cabin · 2 bd · 1 ba · sleeps 5 · 354 ft

    Revenue $58,487ADR $297Occ ≈ 54%5★ (319)

    AirbnbVrbo

  • True Mountain Charmer w/Views & Cozy Deck

    Cabin · 2 bd · 1 ba · sleeps 4 · 371 ft

    Revenue $11,253ADR $298Occ ≈ 10%4.6★ (52)

    AirbnbVrboBooking

  • The Cozy Hollow + Large Yard + Location!

    Cabin · 2 bd · 1 ba · sleeps 6 · 384 ft

    Revenue $9,477ADR $183Occ ≈ 14%3.4★ (5)

    AirbnbVrbo

  • Pines & Peaks: Trending A-Frame, SPA, Games & AC

    House · 2 bd · 1 ba · sleeps 6 · 400 ft

    Revenue $45,224ADR $230Occ ≈ 54%4.9★ (79)

    AirbnbVrboBooking

  • Romantic Couples Retreat| Fireplace, Views, Porch

    Cabin · 2 bd · 1 ba · sleeps 5 · 404 ft

    Revenue $27,270ADR $168Occ ≈ 44%4.6★ (314)

    AirbnbVrbo

  • Hygge House: AC + hot tub + dog friendly

    House · 2 bd · 2 ba · sleeps 5 · 433 ft

    Revenue $36,407ADR $234Occ ≈ 43%4.9★ (165)

    Airbnb

  • Good Times Relaxing Retreat by Big Bear Vacations

    Vacation home · 2 bd · 2 ba · sleeps 7 · 436 ft

    Revenue $28,389ADR $333Occ ≈ 23%4.5★ (3)

    Booking

  • Pet-Friendly Gem: Fenced Yard + Private Spa

    Cabin · 2 bd · 2 ba · sleeps 7 · 440 ft

    Revenue $30,228ADR $576Occ ≈ 14%3.9★ (17)

    AirbnbVrboBooking

  • 2 Mi to Big Bear Lake! Family Haven w/ Hot Tub

    Cabin · 2 bd · 2 ba · sleeps 6 · 446 ft

    Revenue $4,179ADR $204Occ ≈ 6%5★ (3)

    AirbnbVrboBooking

  • Three Bears Resort Cabin at Big Bear Lake

    Cabin · 2 bd · 1 ba · sleeps 5 · 456 ft

    Revenue $22,872ADR $325Occ ≈ 19%4.4★ (52)

    AirbnbVrboBooking

  • Three bears cabin #1574

    Vacation home · 2 bd · 1 ba · sleeps 5 · 463 ft

    Revenue $41,272ADR $446Occ ≈ 25%—

    Booking

  • Peaceful Retreat w/ Private Hot Tub

    Cabin · 2 bd · 1 ba · sleeps 4 · 469 ft

    Revenue $33,014ADR $261Occ ≈ 35%4.5★ (21)

    AirbnbVrboBooking

  • The Big Bear A-Frame: Hot Tub! Close to Bear Mtn!

    House · 2 bd · 1.5 ba · sleeps 4 · 469 ft

    Revenue $36,472ADR $242Occ ≈ 41%4.5★ (263)

    AirbnbVrbo

  • Pinewood Inn at Big Bear- Hot Tub- Central Area

    Cabin · 2 bd · 2 ba · sleeps 8 · 472 ft

    Revenue $28,644ADR $452Occ ≈ 17%4.2★ (33)

    AirbnbVrboBooking

  • Cozy Moonridge Cabin | Fireplace, Pet-Friendly

    House · 2 bd · 1 ba · sleeps 4 · 476 ft

    Revenue $751ADR $150Occ ≈ 1%4★ (1)

    Airbnb

  • Blue Jay Getaway

    Cabin · 2 bd · 1 ba · sleeps 4 · 476 ft

    Revenue $24,907ADR $169Occ ≈ 40%5★ (72)

    Airbnb

  • Stylish Retreat Near Bear Mountain

    Cabin · 2 bd · 2 ba · sleeps 6 · 476 ft

    Revenue $10,286ADR $187Occ ≈ 15%4.5★ (30)

    AirbnbVrboBooking

  • Pinewood inn #2093

    Vacation home · 2 bd · 2 ba · sleeps 8 · 0.1 mi

    Revenue $32,640ADR $387Occ ≈ 23%—

    Booking

  • Serene Peekaboo Views | SPA, Large Decks & Games

    House · 2 bd · 1 ba · sleeps 6 · 0.1 mi

    Revenue $36,641ADR $228Occ ≈ 44%4.8★ (42)

    Airbnb

  • Charming Moonridge Cabin Near Ski & Lake

    Cabin · 2 bd · 1.5 ba · sleeps 5 · 0.1 mi

    Revenue $6,775ADR $238Occ ≈ 8%4★ (6)

    AirbnbVrboBooking

  • Serene View Chalet | Hot Tub - King Beds Mtn Views

    House · 2 bd · 1.5 ba · sleeps 5 · 0.1 mi

    Revenue $38,852ADR $277Occ ≈ 38%4.7★ (118)

    AirbnbVrboBooking

  • Rustic Cabin near Moonridge Zoo & Bear Mountain!

    Cabin · 2 bd · 2 ba · sleeps 5 · 0.1 mi

    Revenue $22,667ADR $238Occ ≈ 26%5★ (91)

    AirbnbVrbo

  • Bear Mountain Ski Retreat

    Vacation home · 2 bd · 1 ba · sleeps 5 · 0.1 mi

    Revenue $66,098ADR $300Occ ≈ 60%—

    Booking

  • Moonridge Manor: Modern, Cozy Retreat with Hottub!

    Cabin · 2 bd · 1 ba · sleeps 8 · 0.1 mi

    Revenue $46,594ADR $304Occ ≈ 42%4.5★ (28)

    AirbnbVrboBooking

  • 1 Mi to Bear Mountain: Cabin in Big Bear Lake

    Cabin · 2 bd · 1 ba · sleeps 5 · 0.1 mi

    Revenue $40,036ADR $237Occ ≈ 46%4.5★ (54)

    AirbnbVrboBooking

  • The Yeti Den - Hot Tub & Fire Pit!

    Cabin · 2 bd · 1 ba · sleeps 5 · 0.1 mi

    Revenue $43,593ADR $252Occ ≈ 47%5★ (281)

    AirbnbVrbo

  • Stunning views+deck+BBQ+pet-friendly+mins to all

    Chalet · 2 bd · 1 ba · sleeps 5 · 0.1 mi

    Revenue $25,019ADR $259Occ ≈ 26%5★ (148)

    AirbnbVrbo

  • Cozy Big Bear Lake Cabin Retreat + Private Spa

    Cabin · 2 bd · 2 ba · sleeps 5 · 0.1 mi

    Revenue $18,354ADR $253Occ ≈ 20%3.8★ (4)

    AirbnbVrbo

  • Mountain Charm Cabin Near Bear Mountain

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue $16,849ADR $247Occ ≈ 19%4.8★ (8)

    AirbnbVrboBooking

  • August Special - King Bed, Pet friendly, Golf, Zoo

    Cabin · 2 bd · 1.5 ba · sleeps 7 · 0.1 mi

    Revenue $16,430ADR $232Occ ≈ 19%4.9★ (132)

    Airbnb

  • Private Retreat | Upgraded | Spa • Fire Pit • EV

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue $51,255ADR $286Occ ≈ 49%5★ (133)

    AirbnbVrbo

  • Mountain Charmer walking distance to shuttle!

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.1 mi

    Revenue $33,532ADR $224Occ ≈ 41%4.2★ (24)

    AirbnbVrboBooking

  • The Bunk House: Slope Views!Fireplace!Propane BBQ!

    House · 2 bd · 1 ba · sleeps 3 · 0.1 mi

    Revenue $25,057ADR $184Occ ≈ 37%4.6★ (82)

    AirbnbVrbo

  • Ski, Hike & Fish: Big Bear Lake Retreat

    House · 2 bd · 1.5 ba · sleeps 6 · 0.1 mi

    Revenue $25,331ADR $222Occ ≈ 31%4.5★ (14)

    AirbnbVrboBooking

  • 1 Mi to Slopes: Big Bear Ski Haven w/ Hot Tub

    Cabin · 2 bd · 1.5 ba · sleeps 6 · 0.1 mi

    Revenue $33,879ADR $208Occ ≈ 45%4.7★ (83)

    AirbnbVrboBooking

  • Views,EBikes,SUPboards,Kayak,Central Location

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue $42,988ADR $398Occ ≈ 30%4.8★ (58)

    Airbnb

  • Beary Cozy

    Cabin · 2 bd · 1 ba · sleeps 6 · 0.1 mi

    Revenue $6,304ADR $334Occ ≈ 5%5★ (2)

    Airbnb

  • Squirrel Summit:Close to Bear Mtn! Spa! Foosball

    House · 2 bd · 1 ba · sleeps 6 · 0.2 mi

    Revenue $30,625ADR $239Occ ≈ 35%4.5★ (47)

    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

Financing
Management
Term

Rate 8.03% = 7.28% Freddie Mac 30-yr avg (Oct 1) + 0.75% investor premium

Est. revenue

$29,879

NOI

$11,694

Cash flow /mo

-$952

Cash needed

$117,210

Cash-on-cash

-9.7%

ROE (yr 1)

1.0%

Cap rate

3.4%

DSCR

0.51

Year-1 write-off

$132,841

Year-1 tax shield @ 32%

$42,509

Year-1 return on equity

  • Cash flow (annual)-$11,419
  • Principal paydown$2,174
  • Appreciation at%$10,470
ROE1.0%

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)$5,976
  • Platform fees (3% of revenue)$896
  • Maintenance / capex (5% of revenue)$1,494
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$4,872
  • Insurance (STR-rated)$1,780

Cash needed to close

  • Down payment (25%)$87,250
  • Closing costs (4.0%)$13,960
  • Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$42,509

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

$279,000

Short-life (5/15-yr)

$117,000 · 42%

Year-1 deduction

$133,000

Year-1 tax shield @ 32%

$43,000

Land 20% (county tax record, assessed value split) · building $163,000 over 39 years · new furniture $16,000

Based on: 560 sq ft, built 1963, 2 bd / 1 ba, unfurnished, listing features (deck, patio, fireplace, stone counters, flooring types, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $84,000 in year 1 (24% short-life, $27,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$85,600

  • Kitchen cabinetsdefault

    $7,000 new × 40% good × 5.10 allocation

    $14,300

  • Kitchen countertops (stone)listing

    $7,200 new × 40% good × 5.10 allocation

    $14,700

  • Decorative trimdefault

    $1,000 new × 40% good × 5.10 allocation

    $2,000

  • Mirrorsdefault

    $200 new × 40% good × 5.10 allocation

    $300

  • Shelvingdefault

    $900 new × 40% good × 5.10 allocation

    $1,800

  • Window coverings (6)default

    $1,500 new × 40% good × 5.10 allocation

    $3,100

  • Carpet, vinyl & laminate (100% of floors)listing

    $3,600 new × 40% good × 5.10 allocation

    $7,400

  • Kitchen & laundry equipment plumbingdefault

    $5,500 new × 40% good × 5.10 allocation

    $11,200

  • Kitchen, laundry & data equipment electricaldefault

    $3,300 new × 40% good × 5.10 allocation

    $6,700

  • Appliances (range, refrigerator)listing

    $4,000 new × 40% good × 5.10 allocation

    $8,200

  • Furniture bought newlisting

    $16,000 new × 100% good · bought separately

    $16,000
15-year land improvements$47,000

  • Paving: driveway & walks (paved)default

    $4,900 new × 50% good × 5.10 allocation

    $12,500

  • Landscaping (typical)default

    $4,700 new × 50% good × 5.10 allocation

    $12,000

  • Patioslisting

    $2,500 new × 50% good × 5.10 allocation

    $6,400

  • Decks & porches (attached)listing

    $6,300 new × 50% good × 5.10 allocation

    $16,100
Building, 39-year$162,500

  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $60,100 new × 40% good × 5.10 allocation

    $122,700

  • Building plumbing & fixturesdefault

    $6,200 new × 40% good × 5.10 allocation

    $12,700

  • Building electrical & lightingdefault

    $4,400 new × 40% good × 5.10 allocation

    $8,900

  • HVACdefault

    $6,300 new × 40% good × 5.10 allocation

    $12,900

  • Fireplacelisting

    $2,600 new × 40% good × 5.10 allocation

    $5,400

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$85,600$47,000$200$132,800
2$0$0$4,200$4,200
3$0$0$4,200$4,200
4$0$0$4,200$4,200
5$0$0$4,200$4,200
6+$0$0$145,700$145,700
Total$85,600$47,000$162,500$295,200

The building's share of the price ($279,000) is 5.1x our depreciated replacement cost of the home ($55,000). 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.