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15531 Orchard Drive
About This Property
The great room and dining area flow seamlessly to wide sliding glass doors leading to a gorgeous extented screened-in patio, ideal for indoor-outdoor living. Upstairs, a spacious loft offers a flexible entertainment retreat for movie nights, game days, orsecondary living space. The primary suite is a true escape, featuring a custom accent wall, tray ceiling, and a spa-style bath with dual vanities and a frameless glass shower.
Additional features include a flex room for office or play, a designer laundry room with cabinetry and sink, and a three-car garage with upgraded storage. The fenced backyard offers privacy, green space, and room for a future pool. Located in The Groves of Westlake, residents enjoy access to Adventure Park with a lagoon-style pool, water slide, splash pad, sports courts, playground, dog park, and more.
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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 |
|---|---|---|---|
| Apr 17, 2026 | Sold | ||
| Sold | |||
| Mar 14, 2026 | In contract | - | |
| In contract | |||
| Jan 9, 2026 | Listed by Exit Realty Premier Elite | $800,000 | |
| Listed by Exit Realty Premier Elite | |||
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About The Acreage
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017