ZIP CODE 10029 // NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA // DATA AS OF 2026-09-30
New York, NY (10029) Rental Property Cap Rate & Cash Flow Report
Located in New York County (New York, NY), Zip Code 10029 ranks #310 of 500 within this selected sample (38th percentile) with a Zillow ZHVI typical home-value index of $759,869 (+0.6% YoY) and a ZORI observed market rent of $3,426/mo (+4.8% YoY). Requires at least 63.0% 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
-$2,065/mo
Annual: -$24,777/yr
Modeled Cap Rate
2.81%
NOI: $21,330/yr
Cash-on-Cash Return
-14.18%
Cash Needed: $174,770
1% Rule Ratio
0.45%
Gross Yield: 5.41%
Break-Even Rent
$5,799/mo
State Tax: 1.40%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 10029 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NY Avg 1.40%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$3,842/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,648/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (10029)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $873,846 | $2,493/mo | 3.42% |
| 2022 | $914,908 | $2,931/mo | 3.84% |
| 2023 | $803,235 | $2,968/mo | 4.43% |
| 2024 | $769,171 | $3,058/mo | 4.77% |
| 2025 | $755,447 | $3,270/mo | 5.19% |
| 2026 | $759,869 | $3,426/mo | 5.41% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 11208 New York, NY | $742,792 | $3,383/mo | 2.85% | -$1,989/mo |
| 11355 New York, NY | $613,039 | $2,735/mo | 2.76% | -$1,691/mo |
| 10457 New York, NY | $540,839 | $2,390/mo | 2.71% | -$1,512/mo |
| 11434 New York, NY | $718,262 | $3,150/mo | 2.68% | -$2,029/mo |
| 10701 Yonkers, NY | $627,944 | $2,737/mo | 2.65% | -$1,788/mo |
| 10027 New York, NY | $815,605 | $3,807/mo | 2.97% | -$2,103/mo |