ZIP CODE 10462 // NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA // DATA AS OF 2026-09-30
New York, NY (10462) Rental Property Cap Rate & Cash Flow Report
Located in Bronx County (New York, NY), Zip Code 10462 ranks #4 of 500 within this selected sample (99th percentile) with a Zillow ZHVI typical home-value index of $261,095 (+9.9% YoY) and a ZORI observed market rent of $2,563/mo (+8.5% YoY). Cash-flow positive at standard 20% down payment (break-even down payment: 0.0%). 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
+$496/mo
Annual: +$5,955/yr
Modeled Cap Rate
8.35%
NOI: $21,798/yr
Cash-on-Cash Return
9.92%
Cash Needed: $60,052
1% Rule Ratio
0.98%
Gross Yield: 11.78%
Break-Even Rent
$1,993/mo
State Tax: 1.40%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 10462 BENCHMARK)
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Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NY Avg 1.40%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,320/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$747/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (10462)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $221,765 | $1,581/mo | 8.56% |
| 2022 | $212,294 | $1,847/mo | 10.44% |
| 2023 | $210,365 | $1,991/mo | 11.36% |
| 2024 | $221,843 | $2,215/mo | 11.98% |
| 2025 | $237,556 | $2,362/mo | 11.93% |
| 2026 | $261,095 | $2,563/mo | 11.78% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 10463 New York, NY | $367,757 | $3,292/mo | 7.45% | +$422/mo |
| 10468 New York, NY | $270,238 | $2,171/mo | 6.49% | +$94/mo |
| 10452 New York, NY | $308,564 | $2,455/mo | 6.41% | +$87/mo |
| 10458 New York, NY | $457,948 | $2,969/mo | 4.87% | -$458/mo |
| 11372 New York, NY | $421,676 | $2,665/mo | 4.70% | -$481/mo |
| 11375 New York, NY | $518,447 | $3,204/mo | 4.55% | -$655/mo |