ZIP CODE 10024 // NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA // DATA AS OF 2026-09-30
New York, NY (10024) Rental Property Cap Rate & Cash Flow Report
Located in New York County (New York, NY), Zip Code 10024 ranks #493 of 500 within this selected sample (2th percentile) with a Zillow ZHVI typical home-value index of $1,665,701 (+2.5% YoY) and a ZORI observed market rent of $4,649/mo (+7.7% YoY). Requires at least 86.6% 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
-$7,015/mo
Annual: -$84,186/yr
Modeled Cap Rate
1.01%
NOI: $16,887/yr
Cash-on-Cash Return
-21.97%
Cash Needed: $383,111
1% Rule Ratio
0.28%
Gross Yield: 3.35%
Break-Even Rent
$12,713/mo
State Tax: 1.40%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 10024 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NY Avg 1.40%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$8,423/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$3,242/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (10024)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $1,831,486 | $3,151/mo | 2.06% |
| 2022 | $1,997,307 | $3,678/mo | 2.21% |
| 2023 | $1,628,633 | $3,827/mo | 2.82% |
| 2024 | $1,555,753 | $3,955/mo | 3.05% |
| 2025 | $1,624,439 | $4,315/mo | 3.19% |
| 2026 | $1,665,701 | $4,649/mo | 3.35% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 11215 New York, NY | $1,543,199 | $4,260/mo | 0.98% | -$6,540/mo |
| 11213 New York, NY | $1,148,501 | $3,110/mo | 0.93% | -$4,920/mo |
| 11216 New York, NY | $1,232,197 | $3,590/mo | 1.14% | -$5,058/mo |
| 11230 New York, NY | $921,508 | $2,754/mo | 1.22% | -$3,723/mo |
| 11220 New York, NY | $942,434 | $2,914/mo | 1.33% | -$3,722/mo |
| 11210 New York, NY | $934,232 | $2,939/mo | 1.38% | -$3,646/mo |