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

272 Imperial Ave

272 Imperial Ave

Sugarloaf, CA 92386

$330,000

2 bd · 2 ba · 1,274 sqft · Listed 10d ago

View on Realtor.com →
Negative cash flow

Year built

1983

Sqft

1,274

Lot sqft

2,500

HOA / mo

$0

Furnished

No

List date

2026-09-19T04:22:13.000000Z

Revenue

Annual revenue

$24,144

ADR

$183

Occupancy

36%

Cleaning fees (12 mo)

$4,812

Confidence

Low (48.59), 49 comps

Comp revenue range (p25 / median / p75)

$14,592$20,546$26,648

  • Spacious 2 bedroom cabin / PET FRIENDLY Modernized

    Cabin · 2 bd · 1 ba · sleeps 6 · 138 ft

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

    Airbnb

  • Apres chalet #2364

    Vacation home · 2 bd · 1 ba · sleeps 4 · 177 ft

    Revenue $36,293ADR $370Occ ≈ 27%—

    Booking

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

    Vacation home · 2 bd · 2 ba · sleeps 4 · 177 ft

    Revenue $30,498ADR $309Occ ≈ 27%—

    Booking

  • Serene Mountain Cottage

    Cottage · 2 bd · 1 ba · sleeps 6 · 187 ft

    Revenue $22,349ADR $156Occ ≈ 39%5★ (60)

    AirbnbVrboBooking

  • Imperial Alpine Cabin | Forest Snow Escape

    House · 2 bd · 1 ba · sleeps 5 · 203 ft

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

    AirbnbVrbo

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

    Cabin · 2 bd · 1.5 ba · sleeps 4 · 249 ft

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

    AirbnbVrbo

  • Hello Love Chalet Mountain~Getaway

    House · 2 bd · 1 ba · sleeps 2 · 259 ft

    Revenue $20,457ADR $60Occ ≈ 93%4.8★ (30)

    Airbnb

  • Cute, Cozy, Peaceful Getaway, Fenced Yard

    Cabin · 2 bd · 1 ba · sleeps 4 · 345 ft

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

    AirbnbVrbo

  • Sunset Chalet

    Cabin · 2 bd · 1 ba · sleeps 6 · 364 ft

    Revenue $11,934ADR $150Occ ≈ 22%5★ (49)

    Airbnb

  • Big Sugar Bear - New Charming 2 bedroom House in Big Bear with AC Deck BBQ Firepit Fireplace Private

    Vacation home · 2 bd · 1 ba · sleeps 4 · 410 ft

    Revenue $23,956ADR $225Occ ≈ 29%—

    Booking

Show all 49 comps

  • Big Bear Cozy Cabin*AC*Deck*Firepit*BBQ*Fireplace

    Cabin · 2 bd · 1 ba · sleeps 6 · 417 ft

    Revenue $19,859ADR $177Occ ≈ 31%4.9★ (41)

    AirbnbVrbo

  • Bear Forest Hideaway + 5 Bed's + Indoor Fireplace!

    Cabin · 2 bd · 1 ba · sleeps 4 · 453 ft

    Revenue $16,539ADR $376Occ ≈ 12%4.7★ (11)

    AirbnbBooking

  • Clean Cute Cabin-Jacuzzi, aircon, Wi-Fi, Parking

    Cabin · 2 bd · 1 ba · sleeps 4 · 456 ft

    Revenue $25,169ADR $215Occ ≈ 32%5★ (171)

    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

  • Sunrise on Sunset

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

    Revenue $10,519ADR $204Occ ≈ 14%5★ (2)

    AirbnbVrbo

  • Pet Friendly cabin big fenced yard EV Charger!

    Cabin · 2 bd · 1 ba · sleeps 7 · 0.1 mi

    Revenue $15,191ADR $264Occ ≈ 16%4.5★ (8)

    Airbnb

  • Cabin in Sugarloaf, Smart TV, Deck, Fenced Yard, B

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

    Revenue $22,513ADR $135Occ ≈ 46%4.8★ (5)

    AirbnbVrboBooking

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

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

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

    AirbnbVrbo

  • Cozy Cabin Retreat

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

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

    Airbnb

  • Our Hideaway is your hideaway

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

    Revenue $14,592ADR $145Occ ≈ 28%4.8★ (33)

    Airbnb

  • Log Cab-Inn | Authentic w/ Modern Luxuries & Spa!

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

    Revenue $39,447ADR $244Occ ≈ 44%5★ (239)

    AirbnbVrbo

  • Winter Escape & Summer Getaway Cabin Big Bear

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

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

    Airbnb

  • Riverside Retreat | Cozy Big Bear Cabin

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

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

    AirbnbVrbo

  • Good View Peaks!

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

    Revenue $41,210ADR $190Occ ≈ 59%4.9★ (52)

    AirbnbVrbo

  • The Sugar Nugget Chalet

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

    Revenue $1,702ADR $262Occ ≈ 2%5★ (4)

    Airbnb

  • 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

  • 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

  • Designer Cottage near Village, Snow Tubing, Skiing

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

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

    AirbnbVrbo

  • Wonderful Wabash

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

    Revenue $21,242ADR $224Occ ≈ 26%4.9★ (38)

    AirbnbBooking

  • Modern Comfort in the Mountains

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

    Revenue $928ADR $185Occ ≈ 1%—

    Vrbo

  • 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

  • Cozy cabin mountain getaway

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

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

    Airbnb

  • Luna Haven-Peaceful 2BR 2BA

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

    Revenue $17,551ADR $251Occ ≈ 19%4.9★ (23)

    Airbnb

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

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

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

    Airbnb

  • 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

  • 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

  • 2bedroom pool table EV Charger Pet Friendly!

    Cabin · 2 bd · 1 ba · sleeps 7 · 0.2 mi

    Revenue $16,061ADR $266Occ ≈ 17%4.5★ (21)

    Airbnb

  • Petite Retreat - cozy 2 bedroom cabin with hot tub

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

    Revenue $43,957ADR $256Occ ≈ 47%5★ (192)

    AirbnbVrbo

  • Valleyview Farmhouse - EV Charging, Spa and Pets

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

    Revenue $32,241ADR $222Occ ≈ 40%4.8★ (128)

    AirbnbVrbo

  • Sugar Shack hosted by Big Bear Cool Cabins

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

    Revenue $6,595ADR $197Occ ≈ 9%4★ (25)

    AirbnbVrboBooking

  • Unique and Modern retreat: The Yellow Door Cabin

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

    Revenue $33,708ADR $243Occ ≈ 38%4.8★ (76)

    Airbnb

  • Navigate Stays Woodsy Hideaway Cozy & Nostalgic

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

    Revenue $26,681ADR $287Occ ≈ 25%4.6★ (26)

    AirbnbVrboBooking

  • *Sunset Pines Forested Retreat*Foosball*Essentials

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

    Revenue $24,734ADR $418Occ ≈ 16%3★ (2)

    AirbnbVrboBooking

  • Romantic cozy cabin with hot tub, pet friendly!

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

    Revenue $12,067ADR $335Occ ≈ 10%5★ (94)

    Airbnb

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

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

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

    AirbnbVrbo

  • 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

  • Sugarloaf Cutie w/Wood Burning Fireplace.

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

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

    AirbnbVrboBooking

  • Modern Mountain Chalet -EV charg

    Cabin · 2 bd · 1 ba · sleeps 7 · 0.2 mi

    Revenue $9,474ADR $239Occ ≈ 11%3★ (5)

    AirbnbVrbo

  • Mountain Getaway#2183

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

    Revenue $22,754ADR $948Occ ≈ 7%—

    Booking

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

$24,144

NOI

$7,871

Cash flow /mo

-$1,122

Cash needed

$111,700

Cash-on-cash

-12.1%

ROE (yr 1)

-1.3%

Cap rate

2.4%

DSCR

0.37

Year-1 write-off

$90,704

Year-1 tax shield @ 32%

$29,025

Year-1 return on equity

  • Cash flow (annual)-$13,468
  • Principal paydown$2,159
  • Appreciation at%$9,900
ROE-1.3%
ROE incl. year-1 tax savings (32% bracket, STR loophole)24.7%
Opex, cash-needed & tax-savings breakdown

Annual operating expenses

  • Management (20% of revenue)$4,829
  • Platform fees (3% of revenue)$724
  • Maintenance / capex (5% of revenue)$1,207
  • Utilities & supplies$4,200
  • HOA$0
  • Property tax$5,048
  • Insurance (STR-rated)$1,683

Cash needed to close

  • Down payment (25%)$82,500
  • Closing costs (4.0%)$13,200
  • Furnishing (bought new)$16,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$29,025

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

$264,000

Short-life (5/15-yr)

$74,000 · 28%

Year-1 deduction

$91,000

Year-1 tax shield @ 32%

$29,000

Land 20% (county tax record, assessed value split) · building $190,000 over 39 years · new furniture $16,000

Based on: 1,274 sq ft, built 1983, 2 bd / 2 ba, unfurnished, listing features (fence, fireplace).

IRS-guide safe-harbor floor: $70,000 in year 1 (20% short-life, $22,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$61,000

  • Kitchen cabinetsdefault

    $8,600 new × 40% good × 2.53 allocation

    $8,700

  • Kitchen countertopsdefault

    $7,000 new × 40% good × 2.53 allocation

    $7,100

  • Decorative trimdefault

    $2,200 new × 40% good × 2.53 allocation

    $2,300

  • Mirrorsdefault

    $300 new × 40% good × 2.53 allocation

    $300

  • Shelvingdefault

    $900 new × 40% good × 2.53 allocation

    $900

  • Window coverings (13)default

    $3,300 new × 40% good × 2.53 allocation

    $3,300

  • Carpet, vinyl & laminate (40% of floors)default

    $3,300 new × 40% good × 2.53 allocation

    $3,300

  • Kitchen & laundry equipment plumbingdefault

    $6,700 new × 40% good × 2.53 allocation

    $6,800

  • Kitchen, laundry & data equipment electricaldefault

    $4,000 new × 40% good × 2.53 allocation

    $4,100

  • Appliances (range, microwave, dishwasher, disposal, refrigerator, washer, dryer)default

    $8,100 new × 40% good × 2.53 allocation

    $8,200

  • Furniture bought newlisting

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

    $16,000
15-year land improvements$29,100

  • Paving: driveway & walks (paved)default

    $7,400 new × 50% good × 2.53 allocation

    $9,400

  • Landscaping (typical)default

    $7,100 new × 50% good × 2.53 allocation

    $9,000

  • Patiosdefault

    $1,300 new × 50% good × 2.53 allocation

    $1,600

  • Decks & porches (attached)default

    $1,300 new × 50% good × 2.53 allocation

    $1,600

  • Fencinglisting

    $6,000 new × 50% good × 2.53 allocation

    $7,600
Building, 39-year$189,900

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

    $138,000 new × 40% good × 2.53 allocation

    $139,700

  • Building plumbing & fixturesdefault

    $14,300 new × 40% good × 2.53 allocation

    $14,500

  • Building electrical & lightingdefault

    $13,400 new × 40% good × 2.53 allocation

    $13,600

  • HVACdefault

    $14,400 new × 40% good × 2.53 allocation

    $14,500

  • Hardwood & tile floorsdefault

    $4,900 new × 40% good × 2.53 allocation

    $5,000

  • Fireplacelisting

    $2,600 new × 40% good × 2.53 allocation

    $2,700

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$61,000$29,100$600$90,700
2$0$0$4,900$4,900
3$0$0$4,900$4,900
4$0$0$4,900$4,900
5$0$0$4,900$4,900
6+$0$0$169,800$169,800
Total$61,000$29,100$189,900$280,000

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.