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Big Bear Lake, California
Looking for a solid investment, or a compound for your family? This is it! Located in the charming town of Crestline, just minutes to Lake Gregory and all that has to offer, and in the heart of town, so you can walk to restaurants and shopping ~ Main house features 4 bedrooms, 2 downstairs, then there are 3, 1 bedroom, 1 bath units (one also has a loft that is currently being used as a 2nd and 3d bedroom) ~ All units have recently had new, dual pane windows installed and have been recently painted inside and out ~ The 4 bedroom unit has a new laundry room ~ There is also a new roof on the largest unit and unit 4 ~ The roof on the other 2 units is about 15 years old ~ Each unit has it's own private, fenced back yard and parking ~ The 1 bedroom units are currently renting for $1200 a month and the 4 bedroom has a market value of $1700-1800 per month ~ Each unit has it's own electric and gas meter, and tenants pay their own ~ There is one water meter for the property. Landlord currently pays water, trash and sewer ~ Easy and close access to the highway, for easy commuting up and down the mountain.
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Based on the household income you entered, you fall under the USDA Rural Housing Loan cap. This is a government-backed program that allows zero down payment on eligible mountain properties — lower mortgage insurance than FHA and more flexible credit than conventional.
It’s not widely advertised, but most homes in our mountain communities qualify.