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

733 Summit Blvd Unit 2

733 Summit Blvd Unit 2

Big Bear City, CA 92314

$510,000

3 bd · 2 ba · 1,528 sqft · Listed 1d ago

View on Realtor.com →
Low confidenceEst. land %Negative cash flow

Year built

1982

Sqft

1,528

Lot sqft

8,400

HOA / mo

$133

Furnished

Yes

List date

2026-09-29T16:44:58.000000Z

Revenue

Annual revenue

$27,118

ADR

$313

Occupancy

24%

Cleaning fees (12 mo)

$5,365

Confidence

Low (39.18), 47 comps

Comp revenue range (p25 / median / p75)

$13,175$26,445$35,736
  • Log Haus | Dogs Ok, Steps to Snow Summit Resort!

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 98 ft

    Revenue $29,040ADR $260Occ ≈ 31%4.8★ (22)

    AirbnbVrboBooking

  • The Arcade @ The Summit Funzone

    House · 3 bd · 2 ba · sleeps 7 · 135 ft

    Revenue $19,148ADR $700Occ ≈ 7%5★ (3)

    Airbnb

  • Summit Run: Near Snow Summit! Close to the Lake!

    House · 3 bd · 2 ba · sleeps 8 · 200 ft

    Revenue $8,537ADR $349Occ ≈ 7%4.7★ (16)

    AirbnbVrbo

  • Big Bear Lair at Snow Summit base!

    Townhouse · 3 bd · 2 ba · sleeps 8 · 233 ft

    Revenue $14,226ADR $324Occ ≈ 12%4.8★ (125)

    Airbnb

  • Walk to Snow Summit 3b 2b condo WiFi Sleeps 7-8

    Townhouse · 3 bd · 2 ba · sleeps 8 · 236 ft

    Revenue $21,525ADR $453Occ ≈ 13%4.8★ (7)

    AirbnbVrboBooking

  • Updated Bright*Cozy*Walkable To Resort*DogFriendly

    Cabin · 3 bd · 2 ba · sleeps 6 · 256 ft

    Revenue $61,090ADR $4,179Occ ≈ 4%5★ (15)

    Airbnb

  • Jumper By AvantStay | 0.2 miles to Snow Summit

    Cabin · 3 bd · 2 ba · sleeps 8 · 276 ft

    Revenue $6,661ADR $968Occ ≈ 2%4.5★ (57)

    Airbnb

  • Snow Summit 3 Bedroom Getaway with full amenities!

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 282 ft

    Revenue $17,764ADR $332Occ ≈ 15%5★ (86)

    Airbnb

  • Foosball Table + Barbecue + Walk to Slopes

    Cabin · 3 bd · 1 ba · sleeps 6 · 289 ft

    Revenue $20,965ADR $275Occ ≈ 21%4.7★ (24)

    AirbnbVrboBooking

  • Walk to Snow Summit! Log Cabin! Wood Fireplace!

    House · 3 bd · 2 ba · sleeps 9 · 299 ft

    Revenue $48,101ADR $267Occ ≈ 49%4.7★ (91)

    AirbnbVrbo

Show all 49 comps
  • Dog-friendly ski haven with game room, BBQ, short walk to Snow Summit ski resort

    Cabin · 3 bd · 3 ba · sleeps 12 · 302 ft

    Revenue $10,015ADR $681Occ ≈ 4%4.8★ (26)

    Vrbo

  • Ski Resort/Bike Park steps to Snow Summit all year

    Condominium (condo) · 3 bd · 2 ba · sleeps 8 · 325 ft

    Revenue $7,111ADR $349Occ ≈ 6%4.6★ (37)

    Airbnb

  • Cozy Cabin w/ Fire-pit & Hot Tub – Walk to Slopes

    Cabin · 3 bd · 2 ba · sleeps 7 · 335 ft

    Revenue $31,320ADR $310Occ ≈ 28%5★ (198)

    AirbnbVrbo

  • Moose-in' Around ~ Walk to Slopes Mountain Home.

    House · 3 bd · 2 ba · sleeps 7 · 348 ft

    Revenue $47,842ADR $731Occ ≈ 18%4.7★ (5)

    AirbnbVrboBooking

  • Charming Summit Cabin-Hot Tub-5 Min Walk To Slopes

    Cabin · 3 bd · 2.5 ba · sleeps 8 · 361 ft

    Revenue $36,804ADR $378Occ ≈ 27%4.8★ (67)

    AirbnbVrbo

  • 1426-Popko's Place

    Cabin · 3 bd · 1 ba · sleeps 6 · 367 ft

    Revenue $41,524ADR $580Occ ≈ 20%3.8★ (2)

    AirbnbBooking

  • Summit House B | Next to Slopes, Trails, Dogs Ok!

    Cabin · 3 bd · 2 ba · sleeps 6 · 371 ft

    Revenue $35,222ADR $256Occ ≈ 38%4★ (13)

    AirbnbVrboBooking

  • Walk toSlopes, Arcade, Games, Fireplace, BBQ, Deck

    Cabin · 3 bd · 2 ba · sleeps 8 · 377 ft

    Revenue $19,977ADR $293Occ ≈ 19%4.8★ (56)

    Airbnb

  • Luxury w/Spa/Foosball/Near Summit - DeCarlo House

    Cabin · 3 bd · 2 ba · sleeps 8 · 381 ft

    Revenue $30,930ADR $599Occ ≈ 14%4.9★ (18)

    AirbnbVrboBooking

  • Summit Ski Shack Big Bear Lake

    House · 3 bd · 1 ba · sleeps 8 · 394 ft

    Revenue $30,025ADR $804Occ ≈ 10%—

    Vrbo

  • Steps to Snow Summit Resort - Summit Ski Shack

    Townhouse · 3 bd · 1 ba · sleeps 8 · 400 ft

    Revenue $20,341ADR $967Occ ≈ 6%4.8★ (35)

    AirbnbVrboBooking

  • Snow Summit Lodge

    Apartment · 3 bd · 2 ba · sleeps 8 · 404 ft

    Revenue $716ADR $179Occ ≈ 1%—

    Airbnb

  • 3BR Family Basecamp: Wood Fireplace + Fenced Yard

    Cabin · 3 bd · 1 ba · sleeps 6 · 420 ft

    Revenue $30,102ADR $403Occ ≈ 20%4.7★ (56)

    AirbnbVrboBooking

  • Bearwoods Barn W Spa Near Snow Summit

    Cabin · 3 bd · 2 ba · sleeps 6 · 430 ft

    Revenue $219ADR $219Occ ≈ 0%5★ (1)

    AirbnbVrboBooking

  • Summit Ski and Bike Trails #2574

    Vacation home · 3 bd · 2 ba · sleeps 8 · 430 ft

    Revenue $34,152ADR $481Occ ≈ 19%4★ (1)

    Booking

  • Summit Ski Resort Mountain View Condo - Walk to Snow Summit

    Vacation home · 3 bd · 2 ba · sleeps 8 · 430 ft

    Revenue $35,736ADR $510Occ ≈ 19%—

    Booking

  • Ski Time Getaway-1848 by Big Bear Vacations

    Vacation home · 3 bd · 2 ba · sleeps 8 · 433 ft

    Revenue $32,775ADR $480Occ ≈ 19%—

    Booking

  • Summit Ski Resort Mountain View Condo-Walk to Lift

    Cabin · 3 bd · 2 ba · sleeps 8 · 436 ft

    Revenue $17,309ADR $558Occ ≈ 8%4★ (5)

    AirbnbVrbo

  • Ski Time Getaway Resort Basecamp Townhouse Retreat

    Condominium (condo) · 3 bd · 2 ba · sleeps 8 · 436 ft

    Revenue $23,675ADR $560Occ ≈ 12%4.7★ (14)

    AirbnbVrboBooking

  • Slopeside Cabin C - Hot Tub | Slope View | Parking

    Condominium (condo) · 3 bd · 2 ba · sleeps 6 · 436 ft

    Revenue $40,249ADR $322Occ ≈ 34%4.7★ (123)

    AirbnbVrboBooking

  • Walk To Snow Summit! Snow Boarders/Skiers Dream!

    Condominium (condo) · 3 bd · 2 ba · sleeps 8 · 446 ft

    Revenue $29,104ADR $282Occ ≈ 28%4.5★ (81)

    AirbnbVrboBooking

  • Spacious Cabin, walking distance to Snow Summit

    Cabin · 3 bd · 2 ba · sleeps 6 · 449 ft

    Revenue $9,852ADR $317Occ ≈ 9%5★ (7)

    Airbnb

  • The Summit Chalet: Updated! Walk to Snow Summit!

    Condominium (condo) · 3 bd · 2 ba · sleeps 8 · 476 ft

    Revenue $22,121ADR $244Occ ≈ 25%4.8★ (56)

    AirbnbVrbo

  • Edge of the Run, Massive Deck & BBQ

    Apartment · 3 bd · 3 ba · sleeps 8 · 476 ft

    Revenue $26,445ADR $266Occ ≈ 27%4.8★ (12)

    AirbnbVrbo

  • Escape For All Seasons Unit 109

    Condominium (condo) · 3 bd · 2 ba · sleeps 6 · 505 ft

    Revenue $9,765ADR $311Occ ≈ 9%4.7★ (6)

    AirbnbVrboBooking

  • Hundred Acre Wood - Walk to Snow Summit.

    Cabin · 3 bd · 2 ba · sleeps 6 · 509 ft

    Revenue $13,175ADR $298Occ ≈ 12%4.8★ (59)

    Airbnb

  • Harmony Haus: Hot Tub! Pool Table! Barbecue!

    House · 3 bd · 3 ba · sleeps 10 · 525 ft

    Revenue $46,212ADR $369Occ ≈ 34%4.7★ (150)

    AirbnbVrbo

  • Bear Kub Kabin Block 2 Slopes, SPA & Game Room

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

    Revenue $60,875ADR $370Occ ≈ 45%4.9★ (78)

    AirbnbVrbo

  • Spa and pool table at Pine Lodge! Snow Summit!

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

    Revenue $19,890ADR $298Occ ≈ 18%4★ (82)

    AirbnbVrboBooking

  • Chic Cabin at the Foot of Snow Summit Resort!

    Cabin · 3 bd · 2 ba · sleeps 10 · 0.1 mi

    Revenue $32,722ADR $389Occ ≈ 23%4.9★ (184)

    Airbnb

  • Bear Kub Kabin

    Vacation home · 3 bd · 2 ba · sleeps 8 · 0.1 mi

    Revenue $55,350ADR $327Occ ≈ 46%—

    Booking

  • Stunning Cabin By Snow Summit!! Dogs Welcome

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

    Revenue $47,036ADR $525Occ ≈ 25%4.8★ (266)

    AirbnbVrbo

  • Escape For All Seasons Unit 81

    Condominium (condo) · 3 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue $11,833ADR $252Occ ≈ 13%4.5★ (15)

    AirbnbVrboBooking

  • Escape For All Seasons Unit 11

    Condominium (condo) · 3 bd · 2 ba · sleeps 6 · 0.1 mi

    Revenue $5,425ADR $301Occ ≈ 5%3.1★ (9)

    AirbnbVrboBooking

  • Hidden Playroom Escape: Spa+Firepit+Walk 2 Slopes!

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

    Revenue $64,635ADR $467Occ ≈ 38%4.9★ (121)

    Airbnb

  • Hartwood by AvantStay | 0.3 miles to Snow Summit

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

    Revenue $36,154ADR $497Occ ≈ 20%4.5★ (31)

    AirbnbVrboBooking

  • Swiss Chalet-Ski In/Out Condo, sleeps 6

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

    Revenue $27,743ADR $286Occ ≈ 27%4.8★ (128)

    Airbnb

  • Pondy AFrame. AC, Walk to Snow summit, BBQ, Family

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

    Revenue $6,708ADR $201Occ ≈ 9%5★ (5)

    Airbnb

  • The Gridiron

    House · 3 bd · 2 ba · sleeps 7 · 0.1 mi

    Revenue $11,671ADR $533Occ ≈ 6%5★ (3)

    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
Term

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

Est. revenue

$27,118

NOI

$5,518

Cash flow /mo

-$2,288

Cash needed

$147,900

Cash-on-cash

-18.6%

ROE (yr 1)

-6.0%

Cap rate

1.1%

DSCR

0.17

Year-1 write-off

$73,578

Year-1 tax shield @ 32%

$23,545

Year-1 return on equity

  • Cash flow (annual)-$27,461
  • Principal paydown$3,337
  • Appreciation at%$15,300
ROE-6.0%

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)$5,424
  • Platform fees (3% of revenue)$814
  • Maintenance / capex (5% of revenue)$1,356
  • Utilities & supplies$4,200
  • HOA$1,596
  • Property tax$6,375
  • Insurance (STR-rated)$2,601

Cash needed to close

  • Down payment (25%)$127,500
  • Closing costs (4.0%)$20,400
  • Furnishing (conveyed with the sale)$0

Tax savings if the STR loophole applies

  • Tax shield @ 32%$23,545

No county tax record split for property tax, insurance rate and the land/building split, so those use market defaults — edit the price above; 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

$360,000

Short-life (5/15-yr)

$73,000 · 20%

Year-1 deduction

$74,000

Year-1 tax shield @ 32%

$24,000

Land 30% (market default, no usable tax-record split) · building $287,000 over 39 years

Based on: 1,528 sq ft, built 1982, 3 bd / 2 ba, furnished, listing features (game room, fireplace, flooring types, appliance list).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $46,000 in year 1 (13% short-life, $15,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$72,700
  • Kitchen cabinetsdefault

    $9,100 new × 40% good × 3.28 allocation

    $12,000
  • Kitchen countertopsdefault

    $7,500 new × 40% good × 3.28 allocation

    $9,800
  • Decorative trimdefault

    $2,700 new × 40% good × 3.28 allocation

    $3,500
  • Mirrorsdefault

    $300 new × 40% good × 3.28 allocation

    $400
  • Shelvingdefault

    $1,200 new × 40% good × 3.28 allocation

    $1,600
  • Window coverings (15)default

    $3,800 new × 40% good × 3.28 allocation

    $4,900
  • Carpet, vinyl & laminate (100% of floors)listing

    $9,800 new × 40% good × 3.28 allocation

    $12,900
  • Kitchen & laundry equipment plumbingdefault

    $7,100 new × 40% good × 3.28 allocation

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

    $4,300 new × 40% good × 3.28 allocation

    $5,600
  • Appliances (range)listing

    $1,800 new × 40% good × 3.28 allocation

    $2,400
  • Furniture conveyed with the sale (used)listing

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

    $7,800
  • Game-room equipment (used)listing

    $6,000 new × 40% good · out of the price

    $2,400
Building, 39-year$287,400
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $165,500 new × 40% good × 3.28 allocation

    $217,000
  • Building plumbing & fixturesdefault

    $17,200 new × 40% good × 3.28 allocation

    $22,500
  • Building electrical & lightingdefault

    $16,600 new × 40% good × 3.28 allocation

    $21,800
  • HVACdefault

    $17,200 new × 40% good × 3.28 allocation

    $22,600
  • Fireplacelisting

    $2,600 new × 40% good × 3.28 allocation

    $3,500

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$72,700$0$900$73,600
2$0$0$7,400$7,400
3$0$0$7,400$7,400
4$0$0$7,400$7,400
5$0$0$7,400$7,400
6+$0$0$257,000$257,000
Total$72,700$0$287,400$360,100

The building's share of the price ($350,000) is 3.3x our depreciated replacement cost of the home ($107,000). 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.