40671 Village Dr Unit 15D · Big Bear Lake, CA 92315

$5,500

4 bd · 4.0 ba · 2,880 sqft · Timeshare · 778 Days on market

Built 2002 3,000 sqft lot $2/sqft · 100% below area $1369/mo HOA · 39% of rent

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.2/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Rent growth +1.6/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Enjoy this Luxury 4 bedroom 4 bath fractional ownership Villa at The Club in the Village of Big Bear Lake, a five star resort by Bluegreen. 5 star Airbnb listing and a week in June and a week in September available right now. These only come up for sale when an owner decides to sell, there are none available to buy otherwise. Completely turn key with all dishes, linens and furnishings. You choose your dates (The Club sends a reservation request form 2 times a year) 14 summer/14 winter. You can rent out these dates if you choose or bank them through Registry Collection and travel anywhere in the world. Space available and short notice days are available also for owners only. If purchased YOU will pay HOA fee's of $4106.43 for this Villa every 3 months. You can put up to 4 people on the deed. Enjoy high speed wi-fi anywhere on the property, member owned boat docks, reception area, teen room, gym, game room, heated outdoor pool and spa and all the Village has to offer. No pets unless service pet and no smoking. Cash only.

Key facts

• 3,000 sq ft lot
• 2 garage spots
• Community pool

🏷️ Possibly a rental listed for sale. The $5,500 price doesn't fit this home's estimated sale value (~$1,238,106) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 4-bed/4.0-bath timeshare listed at $6k.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $6k).
• Recommended offer: $5k (12.0% below list) — sets the bar for market timing.
• Cap rate 299.2% vs local median 2.4% in Big Bear Lake — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 64/100 on livability (#420 in CA) — a middle-class / working-renter tenant base. Strengths: commute A+; Watch: crime C-, housing C-, health & safety D+.
• Bear Valley Unified (town): math 26% / reading 43% proficiency, ranked #289 of 517 in CA (top 56%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents falling (-3.5%/yr); 528 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 5,458 units permitted in San Bernardino County in 2024 (1,500 in 5+ unit buildings).
• At $3,480/mo this rent would consume 54% of the median local household income ($77k/yr) (locally 209% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $38 of loan paydown is wiped out by about $165 of value loss. Plan a longer hold.
• San Bernardino County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $2k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 778 days — a 12% lower offer ($5k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 3y ago; this cycle's ask has dropped $14k (72%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 39% of rent.
• Climate carrying-cost: major wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $4,840 (12.0% below list)

Questions for the listing agent

1. It's been on market 778 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 63.28% ✓
• Cap rate: 299.22%
• Cash-on-cash: 1046.16%
• DSCR: 47.55
• GRM: 0.1

CMA / ARV

• ARV (median comp): $1,238,106
• List price: $5,500
• Delta: -99.56%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
40671 Village Dr Unit 15B	0.00mi	4/4.0	2,880 (0%)	5mo	$5,000	$2	96

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 49.90×
• Total profit: $75,312
• Equity at exit: $820

10-year hold

• IRR: —
• Equity multiple: 91.84×
• Total profit: $139,900
• Equity at exit: $476

Cash invested: $1,540 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 92315

• Rents YoY: -3.5%
• Active inventory: 528
• Price-to-rent: 0.1×

Monthly cashflow live

• Estimated rent: $3,480 medium
• Mortgage (P&I): −$29
• Tax est. 1.5%: −$7 /mo · $82/yr
• Insurance: −$2
• HOA: −$1,369
• Vacancy / Maint / Mgmt: −$731
• Net cashflow: $1,343

Break-even live

Break-even rent $1,781

Max offer price $5,500

Occupancy floor 56%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $1,375
• Closing costs: $165
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
812 Pine Meadow Ct Big Bear Lake, CA	4.0	3.5	2605	$4,250	$1.63	44d	1	0.56mi
207 Pinecrest Dr Big Bear Lake, CA	4.0	3.0	2485	$3,400	$1.37	44d	1	1.46mi

HOA detail

• Monthly dues: $1,369 · $16,428/yr
• Likely covers: internetpoolgym

Listing history 32 events

1. 2026-06-18
   days on market $5,500 Active 778 DOM
2. 2026-06-17
   days on market $5,500 Active 777 DOM
3. 2026-06-16
   days on market $5,500 Active 776 DOM
4. 2026-06-15
   days on market $5,500 Active 775 DOM
5. 2026-06-13
   days on market $5,500 Active 773 DOM
6. 2026-06-13
   days on market $5,500 Active 772 DOM
7. 2026-06-09
   days on market $5,500 Active 769 DOM
8. 2026-06-08
   days on market $5,500 Active 768 DOM
9. 2026-06-07
   days on market $5,500 Active 767 DOM
10. 2026-06-04
    days on market $5,500 Active 764 DOM
11. 2026-06-03
    days on market $5,500 Active 763 DOM
12. 2026-06-02
    days on market $5,500 Active 762 DOM
13. 2026-06-01
    days on market $5,500 Active 761 DOM
14. 2026-05-31
    days on market $5,500 Active 760 DOM
15. 2026-02-22
    price $5,500 1034-char remark

    Show marketing remark (959 chars)

    Enjoy this Luxury 4 bedroom 4 bath fractional ownership Villa at The Club in the Village of Big Bear Lake, a five star resort by Bluegreen. 5 star Airbnb listing and a week in June and a week in September available right now. These don't come up often. Completely turn key with all dishes, linens and furnishings. You choose your dates (The Club sends a reservation request form 2 times a year) 14 summer/14 winter. You can rent out these dates if you choose or bank them through Registry Collection and travel anywhere in the world. Space available and short notice days are available also for owners only. If purchased YOU will pay HOA fee's of $4106.43 for this Villa every 3 months. You can put up to 4 people on the deed. Enjoy high speed wi-fi anywhere on the property, member owned boat docks, reception area, teen room, gym, game room, heated outdoor pool and spa and all the Village has to offer. No pets unless service pet and no smoking. Cash only.

16. 2026-02-22
    price $5,500 959-char remark

    Show marketing remark (959 chars)

    Enjoy this Luxury 4 bedroom 4 bath fractional ownership Villa at The Club in the Village of Big Bear Lake, a five star resort by Bluegreen. 5 star Airbnb listing and a week in June and a week in September available right now. These don't come up often. Completely turn key with all dishes, linens and furnishings. You choose your dates (The Club sends a reservation request form 2 times a year) 14 summer/14 winter. You can rent out these dates if you choose or bank them through Registry Collection and travel anywhere in the world. Space available and short notice days are available also for owners only. If purchased YOU will pay HOA fee's of $4106.43 for this Villa every 3 months. You can put up to 4 people on the deed. Enjoy high speed wi-fi anywhere on the property, member owned boat docks, reception area, teen room, gym, game room, heated outdoor pool and spa and all the Village has to offer. No pets unless service pet and no smoking. Cash only.

17. 2025-01-27
    price $12,000 1034-char remark

    Show marketing remark (959 chars)

    Enjoy this Luxury 4 bedroom 4 bath fractional ownership Villa at The Club in the Village of Big Bear Lake, a five star resort by Bluegreen. 5 star Airbnb listing and a week in June and a week in September available right now. These don't come up often. Completely turn key with all dishes, linens and furnishings. You choose your dates (The Club sends a reservation request form 2 times a year) 14 summer/14 winter. You can rent out these dates if you choose or bank them through Registry Collection and travel anywhere in the world. Space available and short notice days are available also for owners only. If purchased YOU will pay HOA fee's of $4106.43 for this Villa every 3 months. You can put up to 4 people on the deed. Enjoy high speed wi-fi anywhere on the property, member owned boat docks, reception area, teen room, gym, game room, heated outdoor pool and spa and all the Village has to offer. No pets unless service pet and no smoking. Cash only.

18. 2025-01-27
    price $12,000 959-char remark

    Show marketing remark (959 chars)

    Enjoy this Luxury 4 bedroom 4 bath fractional ownership Villa at The Club in the Village of Big Bear Lake, a five star resort by Bluegreen. 5 star Airbnb listing and a week in June and a week in September available right now. These don't come up often. Completely turn key with all dishes, linens and furnishings. You choose your dates (The Club sends a reservation request form 2 times a year) 14 summer/14 winter. You can rent out these dates if you choose or bank them through Registry Collection and travel anywhere in the world. Space available and short notice days are available also for owners only. If purchased YOU will pay HOA fee's of $4106.43 for this Villa every 3 months. You can put up to 4 people on the deed. Enjoy high speed wi-fi anywhere on the property, member owned boat docks, reception area, teen room, gym, game room, heated outdoor pool and spa and all the Village has to offer. No pets unless service pet and no smoking. Cash only.

19. 2024-08-07
    price $15,000 1034-char remark

    Show marketing remark (959 chars)

    Enjoy this Luxury 4 bedroom 4 bath fractional ownership Villa at The Club in the Village of Big Bear Lake, a five star resort by Bluegreen. 5 star Airbnb listing and a week in June and a week in September available right now. These don't come up often. Completely turn key with all dishes, linens and furnishings. You choose your dates (The Club sends a reservation request form 2 times a year) 14 summer/14 winter. You can rent out these dates if you choose or bank them through Registry Collection and travel anywhere in the world. Space available and short notice days are available also for owners only. If purchased YOU will pay HOA fee's of $4106.43 for this Villa every 3 months. You can put up to 4 people on the deed. Enjoy high speed wi-fi anywhere on the property, member owned boat docks, reception area, teen room, gym, game room, heated outdoor pool and spa and all the Village has to offer. No pets unless service pet and no smoking. Cash only.

20. 2024-08-07
    price $15,000 959-char remark

    Show marketing remark (959 chars)

    Enjoy this Luxury 4 bedroom 4 bath fractional ownership Villa at The Club in the Village of Big Bear Lake, a five star resort by Bluegreen. 5 star Airbnb listing and a week in June and a week in September available right now. These don't come up often. Completely turn key with all dishes, linens and furnishings. You choose your dates (The Club sends a reservation request form 2 times a year) 14 summer/14 winter. You can rent out these dates if you choose or bank them through Registry Collection and travel anywhere in the world. Space available and short notice days are available also for owners only. If purchased YOU will pay HOA fee's of $4106.43 for this Villa every 3 months. You can put up to 4 people on the deed. Enjoy high speed wi-fi anywhere on the property, member owned boat docks, reception area, teen room, gym, game room, heated outdoor pool and spa and all the Village has to offer. No pets unless service pet and no smoking. Cash only.

21. 2024-05-01
    listed $20,000 Active 1034-char remark

    Show marketing remark (959 chars)

    Enjoy this Luxury 4 bedroom 4 bath fractional ownership Villa at The Club in the Village of Big Bear Lake, a five star resort by Bluegreen. 5 star Airbnb listing and a week in June and a week in September available right now. These don't come up often. Completely turn key with all dishes, linens and furnishings. You choose your dates (The Club sends a reservation request form 2 times a year) 14 summer/14 winter. You can rent out these dates if you choose or bank them through Registry Collection and travel anywhere in the world. Space available and short notice days are available also for owners only. If purchased YOU will pay HOA fee's of $4106.43 for this Villa every 3 months. You can put up to 4 people on the deed. Enjoy high speed wi-fi anywhere on the property, member owned boat docks, reception area, teen room, gym, game room, heated outdoor pool and spa and all the Village has to offer. No pets unless service pet and no smoking. Cash only.

22. 2024-05-01
    listed $20,000 Active 959-char remark

    Show marketing remark (959 chars)

    Enjoy this Luxury 4 bedroom 4 bath fractional ownership Villa at The Club in the Village of Big Bear Lake, a five star resort by Bluegreen. 5 star Airbnb listing and a week in June and a week in September available right now. These don't come up often. Completely turn key with all dishes, linens and furnishings. You choose your dates (The Club sends a reservation request form 2 times a year) 14 summer/14 winter. You can rent out these dates if you choose or bank them through Registry Collection and travel anywhere in the world. Space available and short notice days are available also for owners only. If purchased YOU will pay HOA fee's of $4106.43 for this Villa every 3 months. You can put up to 4 people on the deed. Enjoy high speed wi-fi anywhere on the property, member owned boat docks, reception area, teen room, gym, game room, heated outdoor pool and spa and all the Village has to offer. No pets unless service pet and no smoking. Cash only.

23. 2023-07-09
    historical
24. 2023-06-24
    listed $26,000 Active
25. 2023-05-31
    soldstatus $20,000 Closed Sale
26. 2023-05-31
    soldstatus $20,000 Closed
27. 2023-04-04
    status Pending Sale
28. 2023-04-04
    status Pending
29. 2023-03-13
    price $25,000
30. 2023-03-13
    price $25,000
31. 2023-02-15
    listed $30,000 Active
32. 2023-02-15
    listed $30,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 2/10 Low 10 d/yr ≥83°F today · 28 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 33 unhealthy d/yr today · 39 by 30 yrs out

Taxation est. · year 1

• Rental income: $41,766
• − Mortgage interest: −$308
• − Property taxes: −$82
• − Insurance: −$28
• − Repairs & maintenance: −$3,341
• − Management: −$3,341
• − HOA: −$16,428
• − Depreciation: −$160
• Taxable income: $18,077
• Est. tax owed @ 24.0%: −$4,339
• After-tax cash flow: $11,772/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Bear Valley Unified
• NCES district ID: 0604230
• Math proficiency: 26% ▼ -4.00%
• Reading proficiency: 43% ▼ -4.00%
• Median HH income: $42,222
• Composite: 29.12/100
• National rank: #6588
• State rank: #289 of 517 in CA

Livability — Big Bear Lake

• Score: 64/100
• State rank: #420
• US rank: #14284

Category grades

Amenities D- Commute A+ Cost of living F Crime C- Employment C Housing C- Health & safety D+ User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Big Bear Lake, CA
• County: San Bernardino County · 2,030,291 people
• City population: 5,215
• Metro: Riverside-San Bernardino-Ontario, CA
• Population (ZIP): 5,215
• Household income: $77,436
• Rent vs Own: 33.8% rent · 66.2% own
• Severe rent burden: 209.0

Population outlook (San Bernardino County) Hauer SSP2

• Today (2025): 2,300,329 people
• By 2030: 2,378,907 · +3.4%
• By 2040: 2,523,137 · +9.7%
• By 2050: 2,642,388 · +14.9%
• By 2075: 2,880,769 · +25.2%
• By 2100: 2,909,436 · +26.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Hispanic / Latino 24% Two or more races 18% Asian 2%
• Hispanic origin (detail): Mexican 21% Salvadoran 1%
• Common ancestry: Slovak 4% Italian 4% Portuguese 3%
• Foreign-born: 13% · Canada, China, South Korea
• Languages at home: 83% English-only · Spanish 10% Other Indo-European 1% Russian/Polish/Slavic 1%

Political lean MEDSL · San Bernardino

• 2024 margin: Toss-up / Even · D 47.5% · R 49.7% · Other 2.8%
• 2008→2024 swing: -8.5pp toward R · 2008: 6.3pp · 2024: -2.1pp
• All cycles: 2024: R+2.1 2020: D+10.7 2016: D+9.8 2012: D+5.4 2008: D+6.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -242.29%
• Current HPI: 310.1013
• Rent YoY: ▼ -3.48%
• Metro: Riverside-San Bernardino-Ontario, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

-81.7% since first listed

18 events — show timeline

• 2026-02-22 Price Changed $5,500 CRMLS
• 2026-02-22 Price Changed $5,500 MRCAOR
• 2025-01-27 Price Changed $12,000 CRMLS
• 2025-01-27 Price Changed $12,000 MRCAOR
• 2024-08-07 Price Changed $15,000 CRMLS
• 2024-08-07 Price Changed $15,000 MRCAOR
• 2024-05-01 Listed $20,000 MRCAOR
• 2024-05-01 Listed $20,000 CRMLS
• 2023-07-09 Listing Removed — CRMLS
• 2023-06-24 Listed $26,000 CRMLS
• 2023-05-31 Sold (MLS) $20,000 MRCAOR
• 2023-05-31 Sold (MLS) $20,000 CRMLS
• 2023-04-04 Pending — CRMLS
• 2023-04-04 Pending — MRCAOR
• 2023-03-13 Price Changed $25,000 CRMLS
• 2023-03-13 Price Changed $25,000 MRCAOR
• 2023-02-15 Listed $30,000 MRCAOR
• 2023-02-15 Listed $30,000 CRMLS