987 Stephen LN
About This Property
Site-built homes only, with a minimum of 1,200 square feet including enclosed porches. Light deed restrictions allow no more than 40% clearing of native trees, helping preserve the natural character of the subdivision. Electric, water, and fiber optic services are available at the road through Fayette County Electric, Lee County Water, and Colorado Valley Communications. A septic system is required, and a licensed septic installer must approve the lot for suitability.
Clear Lake Pines offers access to seven scenic lakes with a 5-mph speed limit, two emergency exits, and a quiet, wooded environment. Annual road maintenance fee is approximately $240. Conveniently located between Highways 71 and 290 for easy access to La Grange and surrounding communities, this property is well suited for a peaceful getaway cabin or comfortable full-time living surrounded by nature.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 10, 2026 | In contract | - | |
| In contract | |||
| Jan 6, 2026 | Listed by Stanberry REALTORS | $29,900 | |
| Listed by Stanberry REALTORS | |||
| Jun 17, 2022 | No longer available | - | |
| No longer available | |||
| Apr 20, 2022 | In contract | - | |
| In contract | |||
| Apr 9, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017