ZIP CODE 10002 // NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA // DATA AS OF 2026-09-30
New York, NY (10002) Rental Property Cap Rate & Cash Flow Report
Located in New York County (New York, NY), Zip Code 10002 ranks #240 of 500 within this selected sample (52th percentile) with a Zillow ZHVI typical home-value index of $976,229 (+1.4% YoY) and a ZORI observed market rent of $4,797/mo (+7.1% YoY). Requires at least 57.4% 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
-$2,309/mo
Annual: -$27,703/yr
Modeled Cap Rate
3.23%
NOI: $31,533/yr
Cash-on-Cash Return
-12.34%
Cash Needed: $224,533
1% Rule Ratio
0.49%
Gross Yield: 5.90%
Break-Even Rent
$7,451/mo
State Tax: 1.40%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 10002 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NY Avg 1.40%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$4,936/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$2,169/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (10002)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $1,104,052 | $3,608/mo | 3.92% |
| 2022 | $1,114,820 | $4,118/mo | 4.43% |
| 2023 | $1,007,110 | $4,125/mo | 4.92% |
| 2024 | $953,503 | $4,169/mo | 5.25% |
| 2025 | $963,023 | $4,477/mo | 5.58% |
| 2026 | $976,229 | $4,797/mo | 5.90% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 11691 New York, NY | $675,244 | $3,320/mo | 3.23% | -$1,595/mo |
| 14850 Ithaca, NY | $410,762 | $2,038/mo | 3.28% | -$954/mo |
| 11706 Bay Shore, NY | $657,075 | $3,304/mo | 3.35% | -$1,488/mo |
| 11550 Hempstead, NY | $650,788 | $3,106/mo | 3.08% | -$1,619/mo |
| 10466 New York, NY | $663,951 | $3,144/mo | 3.04% | -$1,673/mo |
| 10027 New York, NY | $815,605 | $3,807/mo | 2.97% | -$2,103/mo |