Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Short-Term & Vacation Rental Discussions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago, 12/29/2019

User Stats

7
Posts
0
Votes
Dan Edwards
0
Votes |
7
Posts

Big Bear Lake Airbnb Breakeven Numbers

Dan Edwards
Posted

Hi Everyone- relatively new Bigger Pockets member here. I am considering purchasing in Big Bear Lake to use as a vacation property 3-4x per year (I live in LA) and to Air BNB the rest of the time. I am currently looking at a few deals and am trying to figure out what my breakeven revenue would need to be, but, I am generally guessing on a lot of the numbers and was hoping there may be someone on here with experience in Big Bear who can take a look at/comment on my numbers. I have searched other topics on Big Bear and haven't found anything yet.

Assumptions: $325-350k purchase price, 10% down. No third party property management fees included in current analysis. Assumes comes fully furnished, if not then would add another 10k or so into first year.

  • Mortgage: 2k/month; $24k per year, includes insurance, principal/interest and property taxes.
  • Electricity: $100/month; $1200 per year
  • Gas: $200/month; 2k/year
  • Internet: $100/month; 1200/year
  • Water: $100/month; 1200/year
  • Snow removal: $500/year
  • Repairs: $200/month; 2000/year
  • Supplies: $2k/year
  • Cleaning: $8-10k/year

Total annual expense: $43k

+ local transient tax of 11%, likely around $5/year (on 45k/year revenue)

Based on my numbers it looks like the breakeven would be around 48-50k in revenue when factor in the 11% transient tax, and then would go up 20-30% if needed third party property management. Anything I am missing or that seems way off?

Loading replies...