ZIP CODE 11706 // NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA // DATA AS OF 2026-09-30
Bay Shore, NY (11706) Rental Property Cap Rate & Cash Flow Report
Located in Suffolk County (Bay Shore, NY), Zip Code 11706 ranks #217 of 500 within this selected sample (57th percentile) with a Zillow ZHVI typical home-value index of $657,075 (+4.6% YoY) and a ZORI observed market rent of $3,304/mo (+6.9% YoY). Requires at least 55.8% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$1,488/mo
Annual: -$17,861/yr
Modeled Cap Rate
3.35%
NOI: $22,010/yr
Cash-on-Cash Return
-11.82%
Cash Needed: $151,127
1% Rule Ratio
0.50%
Gross Yield: 6.03%
Break-Even Rent
$5,015/mo
State Tax: 1.40%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 11706 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NY Avg 1.40%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$3,323/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,470/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (11706)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2025 | $627,952 | $3,090/mo | 5.90% |
| 2026 | $657,075 | $3,304/mo | 6.03% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 14850 Ithaca, NY | $410,762 | $2,038/mo | 3.28% | -$954/mo |
| 11691 New York, NY | $675,244 | $3,320/mo | 3.23% | -$1,595/mo |
| 10002 New York, NY | $976,229 | $4,797/mo | 3.23% | -$2,309/mo |
| 11207 New York, NY | $636,603 | $3,286/mo | 3.49% | -$1,368/mo |
| 10460 New York, NY | $531,483 | $2,775/mo | 3.55% | -$1,115/mo |
| 11373 New York, NY | $521,344 | $2,751/mo | 3.61% | -$1,068/mo |