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45628 E Rachel Avenue
About This Property
This property qualifies for a $20,000 grant from City National Bank, which can be applied toward the buyer's down payment or closing costs, a rare opportunity for added affordability.
This property is subject to lender approval for a short sale.
Welcome to 45628 Rachel Avenue, a beautifully upgraded 2025-built single-story home located in the desirable Pacific Lily community of Lancaster. Offering 4 spacious bedrooms and 2 full bathrooms, this move-in-ready residence combines modern design, energy efficiency, and functional living.
Step inside to an open floor plan featuring soaring ceilings, abundant natural light, and laminate flooring throughout the main living areas, with carpet in all bedrooms. The kitchen features quartz countertops, stainless steel appliances (included), recessed lighting, a large walk-in pantry, and a generous, large center island, ideal for both everyday living and entertaining.
The private primary suite offers a large walk-in closet, dual-sink quartz vanity, and a spacious walk-in shower, creating a comfortable and functional retreat.
Additional highlights include a refrigerator, a washer, and a dryer included, an indoor laundry room with laminate flooring, an energy-efficient tankless water heater, a built-in fire sprinkler system, a solar lease for energy efficiency, a direct-access 2-car garage, and a large backyard ready for customization, entertaining, or future landscaping.
Enjoy the benefit of low HOA dues, fully paid through March 2027, then approximately $58.63 per month thereafter, offering strong value in a newer-construction neighborhood.
Conveniently located near schools, parks, shopping, and commuter routes, this home offers the advantages of newer construction, included appliances, and buyer grant eligibility in one of Lancaster's growing communities. Move-in ready, energy-efficient, and competitively positioned for today's market.
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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 |
|---|---|---|---|
| Aug 27, 2026 | Relisted | $512,000 | |
| Relisted | |||
| Aug 26, 2026 | Price Increased |
$512,000
↑ $2K
(0.4%) | |
| Price Increased | |||
| May 13, 2026 | In contract | - | |
| In contract | |||
| Apr 22, 2026 | Price Decreased |
$510,000
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Apr 10, 2026 | Price Decreased |
$520,000
↓ $35K
(6.3%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017