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

751 Tehama Dr

751 Tehama Dr

Big Bear Lake, CA 92315

$499,900

3 bd · 2 ba · 1,312 sqft · Listed 7d ago

View on Realtor.com →
Negative cash flow

Year built

1992

Sqft

1,312

Lot sqft

5,000

HOA / mo

$0

Furnished

Yes

List date

2026-09-22T22:17:36.000000Z

Revenue

Annual revenue

$32,095

ADR

$319

Occupancy

28%

Cleaning fees (12 mo)

$6,282

Confidence

Low (45.4), 49 comps

Comp revenue range (p25 / median / p75)

$20,149$28,572$38,458
  • Sunshine Cabin: Comfortable, Cozy 2-Story Getaway

    Cabin · 3 bd · 1 ba · sleeps 6 · 138 ft

    Revenue $23,113ADR $210Occ ≈ 30%4.1★ (27)

    AirbnbVrboBooking

  • 1443-Golf & Ski Retreat

    Cabin · 3 bd · 2 ba · sleeps 9 · 233 ft

    Revenue $54,568ADR $549Occ ≈ 27%—

    AirbnbBooking

  • Welcome to the Moonridge Chalet

    House · 3 bd · 2 ba · sleeps 7 · 259 ft

    Revenue $17,001ADR $245Occ ≈ 19%4.8★ (40)

    AirbnbVrbo

  • Large Deck • Firepit • 3 Mins to Bear Mountain

    Cabin · 3 bd · 1.5 ba · sleeps 6 · 266 ft

    Revenue $38,458ADR $327Occ ≈ 32%4.7★ (51)

    AirbnbVrboBooking

  • Walk to Bear Mtn. Jacuzzi New Kitchen King Bed

    Cabin · 3 bd · 2 ba · sleeps 7 · 279 ft

    Revenue $30,428ADR $279Occ ≈ 30%4.8★ (261)

    AirbnbVrbo

  • Golf & Ski Retreat: 3BR w/ Deck, Fire Pit & Views

    Cabin · 3 bd · 2 ba · sleeps 9 · 308 ft

    Revenue $26,281ADR $460Occ ≈ 16%4.3★ (35)

    AirbnbVrbo

  • Mountain View, Pool Table, Walk to Coffee and Zoo

    Cabin · 3 bd · 2 ba · sleeps 8 · 318 ft

    Revenue $34,375ADR $248Occ ≈ 38%5★ (10)

    Airbnb

  • Bear’s Lair by AvantStay | 3mins to Bear Mountain

    Cabin · 3 bd · 1.5 ba · sleeps 6 · 325 ft

    Revenue $2,604ADR $309Occ ≈ 2%—

    Airbnb

  • Silver Fox Den | Bear Mtn & Golf View Near Slopes

    Cabin · 3 bd · 2 ba · sleeps 6 · 351 ft

    Revenue $36,542ADR $362Occ ≈ 28%5★ (29)

    AirbnbVrboBooking

  • Tehama Cottage: Close to Bear Mtn! Pet Friendly!

    House · 3 bd · 2 ba · sleeps 9 · 387 ft

    Revenue $30,692ADR $272Occ ≈ 31%4.8★ (66)

    AirbnbVrbo

Show all 49 comps
  • Mountain View Cabin with Private Hot Tub

    House · 3 bd · 3 ba · sleeps 9 · 440 ft

    Revenue $3,515ADR $117Occ ≈ 8%5★ (1)

    AirbnbVrbo

  • Modern, Hot Tub, Baby Items, Kids Play Set

    Cabin · 3 bd · 2 ba · sleeps 6 · 482 ft

    Revenue $1,733ADR $693Occ ≈ 1%4.9★ (12)

    AirbnbVrboBooking

  • Cute! Lower Moonridge! Walk to Zoo-Golf-Slopes ADS

    Cabin · 3 bd · 2 ba · sleeps 7 · 489 ft

    Revenue $22,039ADR $435Occ ≈ 14%4.6★ (76)

    AirbnbVrboBooking

  • Mountain Chic Cabin: Scenic Deck, Trails & Hot Tub

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 0.1 mi

    Revenue $41,755ADR $511Occ ≈ 22%4.9★ (100)

    AirbnbVrbo

  • Amazing Mountain View, Adorable with Pool Table

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.1 mi

    Revenue $1,951ADR $366Occ ≈ 1%5★ (3)

    AirbnbVrbo

  • Vacation Art Gallery: Houz of Ozzi (ev charging)

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.1 mi

    Revenue $45,860ADR $316Occ ≈ 40%4.8★ (51)

    AirbnbVrboBooking

  • Cozy Family McBear Cabin *Hot Tub*Game Room

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.1 mi

    Revenue $26,496ADR $398Occ ≈ 18%4.8★ (122)

    AirbnbVrbo

  • Overlook Chalet: Foosball! Peekaboo Slope Views!

    House · 3 bd · 2 ba · sleeps 8 · 0.1 mi

    Revenue $31,797ADR $258Occ ≈ 34%4.9★ (68)

    AirbnbVrbo

  • Brand New Spa ! Log Fireplace, BBQ, 3 Full Baths!

    House · 3 bd · 3 ba · sleeps 8 · 0.1 mi

    Revenue $26,443ADR $418Occ ≈ 17%4.8★ (333)

    AirbnbVrbo

  • Moonridge Sky Lodge w/ Game Room & Jacuzzi

    House · 3 bd · 2.5 ba · sleeps 10 · 0.1 mi

    Revenue $27,889ADR $510Occ ≈ 15%4.7★ (51)

    AirbnbVrbo

  • Bear Hug Hideaway

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.1 mi

    Revenue $38,811ADR $344Occ ≈ 31%4.9★ (167)

    AirbnbVrbo

  • Ultimate Ski Trip~ 8 Bed, Hot Tub, 3 min to resort

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.1 mi

    Revenue $10,752ADR $622Occ ≈ 5%4.8★ (41)

    Airbnb

  • Large Deck • Firepit • 3 Mins to Bear Mountain

    Cabin · 3 bd · 1.5 ba · sleeps 6 · 0.1 mi

    Revenue $3,265ADR $239Occ ≈ 4%—

    Airbnb

  • Moose Mountain Manor Ski Retreat w/ Hot Tub

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue $58,603ADR $405Occ ≈ 40%4.2★ (15)

    AirbnbVrboBooking

  • Boutique Cabin, Across From Zoo, Mountain Views

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue $40,295ADR $366Occ ≈ 30%5★ (76)

    Airbnb

  • Panoramic Views, Large Deck, Pool Table, Pets

    House · 3 bd · 2 ba · sleeps 9 · 0.1 mi

    Revenue $30,552ADR $427Occ ≈ 20%5★ (100)

    Airbnb

  • Summit Base Camp + Ski Slope & Golf Course Views

    Cabin · 3 bd · 2 ba · sleeps 5 · 0.2 mi

    Revenue $19,031ADR $376Occ ≈ 14%5★ (4)

    AirbnbVrbo

  • Winter Getaway Spa Fire-table Close to slopes

    Vacation home · 3 bd · 2 ba · sleeps 7 · 0.2 mi

    Revenue $63,294ADR $372Occ ≈ 47%4.9★ (27)

    Booking

  • NEW Hot Tub • Central Heat • NearZoo • Fence

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $30,142ADR $295Occ ≈ 28%4.9★ (66)

    AirbnbVrbo

  • Walk to Zoo, Game Room, Hot Tub, Luxury Cabin

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.2 mi

    Revenue $28,430ADR $562Occ ≈ 14%5★ (45)

    Airbnb

  • Summit Views-Mins from Bear Mtn., Golf, and Zoo

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $20,149ADR $245Occ ≈ 23%5★ (15)

    AirbnbVrbo

  • Hot Tub, Arcade, Pet Friendly with Fenced Yard, Ne

    Cabin · 3 bd · 2 ba · sleeps 7 · 0.2 mi

    Revenue $17,678ADR $277Occ ≈ 17%5★ (8)

    AirbnbVrbo

  • Switzerland - Cozy cabin set among the fragrant pine trees with peekaboo views of both ski resorts!

    Vacation home · 3 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $20,847ADR $409Occ ≈ 14%—

    Booking

  • LA Miracle's Chalet *Pet Friendly/HotTub*

    Cabin · 3 bd · 1.5 ba · sleeps 7 · 0.2 mi

    Revenue $19,640ADR $256Occ ≈ 21%4.8★ (33)

    Airbnb

  • Spacious Family Cabin with Game Room & Hot Tub

    Cabin · 3 bd · 3 ba · sleeps 8 · 0.2 mi

    Revenue $40,250ADR $402Occ ≈ 27%4.8★ (15)

    AirbnbVrboBooking

  • Silver Pine Lodge - Features a family room with shuffleboard, Peloton bike, and dumbbells! Hot tub!

    Vacation home · 3 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $62,674ADR $458Occ ≈ 37%—

    Booking

  • Silver Tip Chalet by Big Bear Vacations Game Tables Ultra Central Cozy Chalet

    Chalet · 3 bd · 3 ba · sleeps 10 · 0.2 mi

    Revenue $63,394ADR $699Occ ≈ 25%—

    Booking

  • kayak, SUP Boards, Hot Tub, Games Room, Central

    Cabin · 3 bd · 2 ba · sleeps 8 · 0.2 mi

    Revenue $69,735ADR $473Occ ≈ 40%5★ (44)

    Airbnb

  • Luna Ridge Chalet mins to Bear Mtn, Games & SPA

    House · 3 bd · 2.5 ba · sleeps 8 · 0.2 mi

    Revenue $42,671ADR $306Occ ≈ 38%5★ (29)

    AirbnbVrbo

  • Mountain Comfort w/ Games & Hot Tub

    Chalet · 3 bd · 2 ba · sleeps 8 · 0.2 mi

    Revenue $22,246ADR $400Occ ≈ 15%4.2★ (20)

    AirbnbVrboBooking

  • Mt Vista Retreat~Pet ok

    House · 3 bd · 2 ba · sleeps 7 · 0.2 mi

    Revenue $28,572ADR $521Occ ≈ 15%5★ (2)

    Airbnb

  • Silver Tip Chalet- Game Tables-

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.2 mi

    Revenue $37,687ADR $663Occ ≈ 16%4.5★ (6)

    AirbnbVrboBooking

  • Walk to Slopes Hot Tub, Air Hockey, Deck

    Cabin · 3 bd · 2.5 ba · sleeps 7 · 0.2 mi

    Revenue $22,854ADR $456Occ ≈ 14%3.8★ (13)

    AirbnbVrboBooking

  • Walk to Slope Pickup & Zoo! Fireplaces,Balcony&BBQ

    Cabin · 3 bd · 2 ba · sleeps 7 · 0.2 mi

    Revenue $18,013ADR $215Occ ≈ 23%4.8★ (59)

    AirbnbVrbo

  • Charming Cabin, Walk to Bear Mtn

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $11,277ADR $358Occ ≈ 9%4.4★ (16)

    AirbnbVrbo

  • Cozy Haven Central Cottage at Big Bear

    Vacation home · 3 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $34,203ADR $682Occ ≈ 14%—

    Booking

  • Silver Tip Resort Log Cabin Retreat at Big Bear

    Cabin · 3 bd · 3 ba · sleeps 10 · 0.2 mi

    Revenue $28,254ADR $520Occ ≈ 15%5★ (2)

    AirbnbBooking

  • Silver Lining / SPA & EV Prime Location Moonridge

    Cabin · 3 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $35,484ADR $251Occ ≈ 39%4.8★ (64)

    AirbnbVrboBooking

  • Cozy 3 Bed, 1 Bath Cabin. Just $10 Per Pet Per Nt.

    House · 3 bd · 1 ba · sleeps 6 · 0.2 mi

    Revenue $36,322ADR $164Occ ≈ 61%4.8★ (316)

    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
Term

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

Est. revenue

$32,095

NOI

$10,860

Cash flow /mo

-$1,789

Cash needed

$144,971

Cash-on-cash

-14.8%

ROE (yr 1)

-2.2%

Cap rate

2.2%

DSCR

0.34

Year-1 write-off

$125,811

Year-1 tax shield @ 32%

$40,260

Year-1 return on equity

  • Cash flow (annual)-$21,465
  • Principal paydown$3,271
  • Appreciation at%$14,997
ROE-2.2%
ROE incl. year-1 tax savings (32% bracket, STR loophole)25.6%
Opex, cash-needed & tax-savings breakdown

Annual operating expenses

  • Management (20% of revenue)$6,419
  • Platform fees (3% of revenue)$963
  • Maintenance / capex (5% of revenue)$1,605
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$6,249
  • Insurance (STR-rated)$2,549

Cash needed to close

  • Down payment (25%)$124,975
  • Closing costs (4.0%)$19,996
  • Furnishing (conveyed with the sale)$0

Tax savings if the STR loophole applies

  • Tax shield @ 32%$40,260

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

$401,000

Short-life (5/15-yr)

$125,000 · 31%

Year-1 deduction

$126,000

Year-1 tax shield @ 32%

$40,000

Land 20% (county tax record, assessed value split) · building $277,000 over 39 years

Based on: 1,312 sq ft, built 1992, 3 bd / 2 ba, furnished, listing features (deck, fireplace, flooring types, appliance list).

IRS-guide safe-harbor floor: $73,000 in year 1 (18% short-life, $23,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$71,600
  • Kitchen cabinetsdefault

    $8,700 new × 40% good × 3.46 allocation

    $12,000
  • Kitchen countertopsdefault

    $7,100 new × 40% good × 3.46 allocation

    $9,800
  • Decorative trimdefault

    $2,300 new × 40% good × 3.46 allocation

    $3,200
  • Mirrorsdefault

    $300 new × 40% good × 3.46 allocation

    $400
  • Shelvingdefault

    $1,200 new × 40% good × 3.46 allocation

    $1,700
  • Window coverings (13)default

    $3,300 new × 40% good × 3.46 allocation

    $4,500
  • Carpet, vinyl & laminate (100% of floors)listing

    $8,400 new × 40% good × 3.46 allocation

    $11,700
  • Kitchen & laundry equipment plumbingdefault

    $6,800 new × 40% good × 3.46 allocation

    $9,300
  • Kitchen, laundry & data equipment electricaldefault

    $4,100 new × 40% good × 3.46 allocation

    $5,700
  • Appliances (range, refrigerator)listing

    $4,000 new × 40% good × 3.46 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$53,300
  • Paving: driveway & walks (paved)default

    $7,500 new × 50% good × 3.46 allocation

    $13,000
  • Landscaping (typical)default

    $7,200 new × 50% good × 3.46 allocation

    $12,500
  • Patiosdefault

    $1,300 new × 50% good × 3.46 allocation

    $2,200
  • Decks & porches (attached)listing

    $14,800 new × 50% good × 3.46 allocation

    $25,500
Building, 39-year$276,600
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $141,900 new × 43% good × 3.46 allocation

    $212,800
  • Building plumbing & fixturesdefault

    $14,700 new × 40% good × 3.46 allocation

    $20,400
  • Building electrical & lightingdefault

    $13,900 new × 40% good × 3.46 allocation

    $19,300
  • HVACdefault

    $14,800 new × 40% good × 3.46 allocation

    $20,500
  • Fireplacelisting

    $2,600 new × 40% good × 3.46 allocation

    $3,600

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$71,600$53,300$900$125,800
2$0$0$7,100$7,100
3$0$0$7,100$7,100
4$0$0$7,100$7,100
5$0$0$7,100$7,100
6+$0$0$247,300$247,300
Total$71,600$53,300$276,600$401,500

The building's share of the price ($394,000) is 3.5x our depreciated replacement cost of the home ($114,000). 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.