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396 Kern Ave Lot 5

396 Kern Ave Lot 5

Sugarloaf, CA 92386

$299,999

2 bd · 1 ba · Listed 27d ago

View on Realtor.com →

Year built

1977

Sqft

—

Lot sqft

2,500

HOA / mo

None

Furnished

Yes

List date

2026-09-02T17:41:22.000000Z

Revenue

Annual revenue

$21,803

ADR

$184

Occupancy

32%

Cleaning fees (12 mo)

$5,065

Confidence

Low (48.56), 49 comps

Comp revenue range (p25 / median / p75)

$14,817$20,546$28,246
  • King bed | Hot Tub | Wood Fireplace | Sleep 6

    Cabin · 2 bd · 1 ba · sleeps 6 · 13 ft

    Revenue $16,105ADR $197Occ ≈ 22%4.9★ (72)

    AirbnbVrboBooking

  • Cozy Modern Cabin | Hot Tub | FirePit | Mini Golf

    Cabin · 2 bd · 1 ba · sleeps 6 · 144 ft

    Revenue $38,547ADR $296Occ ≈ 36%4.7★ (37)

    AirbnbVrbo

  • The Sugarloaf Shack is Cozy / Dog friendly!

    Cabin · 2 bd · 1 ba · sleeps 5 · 200 ft

    Revenue $36,325ADR $155Occ ≈ 64%5★ (161)

    Airbnb

  • Ever Serene Cabin at Sugarloaf

    Cabin · 2 bd · 1 ba · sleeps 4 · 207 ft

    Revenue $11,005ADR $61Occ ≈ 49%—

    AirbnbVrbo

  • MtnMod! 2 Kings-Hot Tub-Fire Pit-Family Friendly

    Cabin · 2 bd · 1 ba · sleeps 4 · 233 ft

    Revenue $50,937ADR $217Occ ≈ 64%5★ (284)

    Airbnb

  • Sugarloaf Hideaway

    Cabin · 2 bd · 2 ba · sleeps 6 · 279 ft

    Revenue $19,304ADR $243Occ ≈ 22%4.8★ (42)

    Airbnb

  • Bear Escapes II: Affordable Luxury Cabin Big Bear

    Cabin · 2 bd · 1 ba · sleeps 5 · 285 ft

    Revenue $23,076ADR $197Occ ≈ 32%5★ (68)

    AirbnbVrboBooking

  • Cute and Cozy Cottage- Big Bear Retreat

    Cabin · 2 bd · 2 ba · sleeps 4 · 436 ft

    Revenue $15,570ADR $967Occ ≈ 4%3★ (5)

    AirbnbVrboBooking

  • Private/Spacious Cabin near Big Bear

    Cabin · 2 bd · 1.5 ba · sleeps 4 · 459 ft

    Revenue $28,246ADR $214Occ ≈ 36%4.9★ (11)

    AirbnbVrbo

  • 8 Mi to Big Bear Lake: Cabin w/ Deck & Fireplace

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

    Revenue $22,731ADR $205Occ ≈ 30%5★ (34)

    AirbnbVrboBooking

Show all 49 comps
  • Sugarloaf Cutie w/Wood Burning Fireplace.

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

    Revenue $15,483ADR $242Occ ≈ 18%4.5★ (41)

    AirbnbVrboBooking

  • Riverside Retreat | Cozy Big Bear Cabin

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.1 mi

    Revenue $21,187ADR $152Occ ≈ 38%5★ (31)

    AirbnbVrbo

  • Cozy Red Cabin - Private Backyard with Hot Tub!

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

    Revenue $41,874ADR $119Occ ≈ 96%4.8★ (8)

    AirbnbVrboBooking

  • Lil’, Cozy Cabin & Fireplace + Firepit + BBQ grill

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

    Revenue $7,988ADR $232Occ ≈ 9%4.8★ (14)

    Airbnb

  • 6 Mi-to Lake,Shops,Slopes+Dog Friendly+Fenced Yard

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

    Revenue $22,573ADR $184Occ ≈ 34%5★ (63)

    AirbnbVrbo

  • Romantic Retreat, Hot Tub Gazebo, Unique Decor

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

    Revenue $20,546ADR $213Occ ≈ 26%5★ (65)

    AirbnbVrbo

  • Cheerful-2 bedroom cabin with indoor fireplace

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

    Revenue $13,125ADR $173Occ ≈ 21%4.8★ (46)

    Airbnb

  • Cozy cabin mountain getaway

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

    Revenue $22,506ADR $147Occ ≈ 42%4.9★ (130)

    Airbnb

  • The Eagles Nest Hot Tub BBQ Modern Retreat

    Chalet · 2 bd · 1 ba · sleeps 4 · 0.2 mi

    Revenue $23,043ADR $262Occ ≈ 24%3.5★ (1)

    Booking

  • Cozy Rustic Cottage in Sugarloaf

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.2 mi

    Revenue $14,817ADR $188Occ ≈ 22%4.9★ (12)

    AirbnbVrbo

  • Updated pet-friendly home with fenced yard, deck, near attractions and more!

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

    Revenue $532ADR $133Occ ≈ 1%3★ (1)

    Vrbo

  • Near Slopes & Shores: Pet-Friendly Sugarloaf Gem

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

    Revenue $17,674ADR $211Occ ≈ 23%4.8★ (37)

    AirbnbVrboBooking

  • Cozy Cabin-EV Charging, Hot Tub & Fireplace

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

    Revenue $18,716ADR $213Occ ≈ 24%4.8★ (85)

    AirbnbVrbo

  • Big Bear/Sugarloaf 2br 1ba house fenced backyard

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.2 mi

    Revenue $12,371ADR $115Occ ≈ 29%4.8★ (77)

    Airbnb

  • Updated pet-friendly home with fenced yard deck

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

    Revenue $13,718ADR $215Occ ≈ 17%4.3★ (17)

    AirbnbVrboBooking

  • Apres Chalet at Big Bear- Log Cabin Retreat w/ Spa

    Cabin · 2 bd · 1.5 ba · sleeps 4 · 0.2 mi

    Revenue $25,611ADR $343Occ ≈ 20%4.7★ (21)

    AirbnbVrbo

  • Gnome Charm, 2 bedroom. Avail for 2026 ski season.

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.2 mi

    Revenue $7,084ADR $87Occ ≈ 22%5★ (82)

    AirbnbVrbo

  • Cozy Cabin Retreat

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.2 mi

    Revenue $15,999ADR $209Occ ≈ 21%4.5★ (741)

    Airbnb

  • Apres Chalet Retreat | Pet-Friendly Cottage | Hot Tub | Nature Escape

    Vacation home · 2 bd · 2 ba · sleeps 4 · 0.2 mi

    Revenue $30,498ADR $309Occ ≈ 27%—

    Booking

  • Apres chalet #2364

    Vacation home · 2 bd · 1 ba · sleeps 4 · 0.2 mi

    Revenue $36,293ADR $370Occ ≈ 27%—

    Booking

  • Mountain Tree House *W/Fireplace, BBQ, Fire-pit*

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

    Revenue $18,717ADR $224Occ ≈ 23%4.8★ (99)

    AirbnbVrbo

  • Rustic Big Bear Cabin • A/C • Pet Friendly

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

    Revenue $14,870ADR $154Occ ≈ 26%5★ (14)

    AirbnbVrbo

  • Imperial Alpine Cabin | Forest Snow Escape

    House · 2 bd · 1 ba · sleeps 5 · 0.2 mi

    Revenue $43,024ADR $283Occ ≈ 42%5★ (10)

    AirbnbVrbo

  • Private Cabin in Quiet Valley w/ Hot Tub + Views

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

    Revenue $19,450ADR $220Occ ≈ 24%5★ (27)

    AirbnbVrboBooking

  • Ohana Pines Cabin

    Cabin · 2 bd · 1 ba · sleeps 5 · 0.2 mi

    Revenue $11,527ADR $282Occ ≈ 11%5★ (52)

    AirbnbVrbo

  • Spacious 2 bedroom cabin / PET FRIENDLY Modernized

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

    Revenue $42,315ADR $167Occ ≈ 69%5★ (391)

    Airbnb

  • Winter Escape & Summer Getaway Cabin Big Bear

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

    Revenue $30,306ADR $120Occ ≈ 69%4.8★ (151)

    Airbnb

  • The Library Lodge | Fenced Yard | Hot Tub | Cabin

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

    Revenue $28,631ADR $132Occ ≈ 59%4.9★ (162)

    AirbnbVrbo

  • Designer Cottage near Village, Snow Tubing, Skiing

    Cabin · 2 bd · 1 ba · sleeps 5 · 0.2 mi

    Revenue $26,648ADR $243Occ ≈ 30%5★ (56)

    AirbnbVrbo

  • SandyBear Cabin! Open floor plan & covered patio!

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

    Revenue $20,919ADR $243Occ ≈ 24%4.8★ (171)

    Airbnb

  • Updated pet-friendly home with fenced yard, deck, near attractions and more!

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

    Revenue $3,514ADR $195Occ ≈ 5%—

    Vrbo

  • Twin Pines | Cozy Big Bear Cabin w/ Hot Tub

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

    Revenue $10,702ADR $149Occ ≈ 20%4.9★ (48)

    Airbnb

  • Cozy Quiet Cabin Escape

    House · 2 bd · 1.5 ba · sleeps 6 · 0.2 mi

    Revenue $26,392ADR $155Occ ≈ 47%4.9★ (107)

    Airbnb

  • Cute, Cozy, Peaceful Getaway, Fenced Yard

    Cabin · 2 bd · 1 ba · sleeps 4 · 0.2 mi

    Revenue $8,643ADR $242Occ ≈ 10%5★ (17)

    AirbnbVrbo

  • Raven's Nest: Peaceful Mountain Getaway

    House · 2 bd · 1.5 ba · sleeps 6 · 0.2 mi

    Revenue $37,198ADR $196Occ ≈ 52%4.8★ (135)

    Airbnb

  • Cozy, Romantic Mountain Cabin surrounded by trees.

    Cabin · 2 bd · 1 ba · sleeps 5 · 0.2 mi

    Revenue $5,401ADR $202Occ ≈ 7%5★ (29)

    Airbnb

  • Family Friendly w/Fenced Yard & Game Room

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

    Revenue $18,010ADR $292Occ ≈ 17%5★ (23)

    AirbnbVrboBooking

  • Resort feel 2 BR cabin w/Hot tub Big Bear Secluded

    Cabin · 2 bd · 1 ba · sleeps 5 · 0.3 mi

    Revenue $27,999ADR $234Occ ≈ 33%4.8★ (107)

    Airbnb

  • Cozy Mountain Cabin | Relax | Hike | Lake Nearby

    Cabin · 2 bd · 1 ba · sleeps 6 · 0.3 mi

    Revenue $34,790ADR $163Occ ≈ 58%4.9★ (157)

    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

Est. revenue

$21,803

NOI

$6,668

Cash flow /mo

$556

Cash needed

$311,999

Cash-on-cash (all cash)

2.1%

ROE (yr 1)

5.0%

Cap rate

2.2%

DSCR

—

Year-1 write-off

$86,562

Year-1 tax shield @ 32%

$27,700

Year-1 return on equity

  • Cash flow (annual)$6,668
  • Principal paydown (n/a, cash)$0
  • Appreciation at%$9,000
ROE5.0%
ROE incl. year-1 tax savings (32% bracket, STR loophole)13.9%
Opex, cash-needed & tax-savings breakdown

Annual operating expenses

  • Management (20% of revenue)$4,361
  • Platform fees (3% of revenue)$654
  • Maintenance / capex (5% of revenue)$1,090
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$3,881
  • Insurance (STR-rated)$1,530

Cash needed to close

  • Purchase price (all cash)$299,999
  • Closing costs (4.0%)$12,000
  • Furnishing (conveyed with the sale)$0

Tax savings if the STR loophole applies

  • Tax shield @ 32%$27,700

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

$241,000

Short-life (5/15-yr)

$86,000 · 36%

Year-1 deduction

$87,000

Year-1 tax shield @ 32%

$28,000

Land 20% (county tax record, assessed value split) · building $155,000 over 39 years

Based on: ~1,400 sq ft (from beds), built 1977, 2 bd / 1 ba, furnished, listing features (hot tub, deck, patio, fireplace, flooring types, appliance list).

IRS-guide safe-harbor floor: $56,000 in year 1 (23% short-life, $18,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$50,100
  • Kitchen cabinetsdefault

    $8,900 new × 40% good × 1.93 allocation

    $6,800
  • Kitchen countertopsdefault

    $7,300 new × 40% good × 1.93 allocation

    $5,600
  • Decorative trimdefault

    $2,500 new × 40% good × 1.93 allocation

    $1,900
  • Mirrorsdefault

    $200 new × 40% good × 1.93 allocation

    $100
  • Shelvingdefault

    $900 new × 40% good × 1.93 allocation

    $700
  • Window coverings (14)default

    $3,500 new × 40% good × 1.93 allocation

    $2,700
  • Carpet, vinyl & laminate (100% of floors)listing

    $9,000 new × 40% good × 1.93 allocation

    $7,000
  • Kitchen & laundry equipment plumbingdefault

    $6,900 new × 40% good × 1.93 allocation

    $5,300
  • Kitchen, laundry & data equipment electricaldefault

    $4,200 new × 40% good × 1.93 allocation

    $3,200
  • Appliances (range, disposal, refrigerator)listing

    $4,400 new × 40% good × 1.93 allocation

    $3,400
  • Hot tub (freestanding)listing

    $9,000 new × 40% good × 1.93 allocation

    $6,900
  • Furniture conveyed with the sale (used)listing

    $16,000 new × 40% good · out of the price

    $6,400
15-year land improvements$36,000
  • Paving: driveway & walks (paved)default

    $7,800 new × 50% good × 1.93 allocation

    $7,500
  • Landscaping (typical)default

    $7,500 new × 50% good × 1.93 allocation

    $7,200
  • Patioslisting

    $6,300 new × 50% good × 1.93 allocation

    $6,100
  • Decks & porches (attached)listing

    $15,800 new × 50% good × 1.93 allocation

    $15,200
Building, 39-year$155,200
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $151,900 new × 40% good × 1.93 allocation

    $117,300
  • Building plumbing & fixturesdefault

    $15,700 new × 40% good × 1.93 allocation

    $12,100
  • Building electrical & lightingdefault

    $15,000 new × 40% good × 1.93 allocation

    $11,600
  • HVACdefault

    $15,800 new × 40% good × 1.93 allocation

    $12,200
  • Fireplacelisting

    $2,600 new × 40% good × 1.93 allocation

    $2,000

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$50,100$36,000$500$86,600
2$0$0$4,000$4,000
3$0$0$4,000$4,000
4$0$0$4,000$4,000
5$0$0$4,000$4,000
6+$0$0$138,800$138,800
Total$50,100$36,000$155,200$241,300

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.