ZIP CODE 11203 // NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA // DATA AS OF 2026-09-30
New York, NY (11203) Rental Property Cap Rate & Cash Flow Report
Located in Kings County (New York, NY), Zip Code 11203 ranks #409 of 500 within this selected sample (18th percentile) with a Zillow ZHVI typical home-value index of $729,912 (+2.5% YoY) and a ZORI observed market rent of $2,825/mo (+2.0% YoY). Requires at least 71.8% 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
-$2,389/mo
Annual: -$28,666/yr
Modeled Cap Rate
2.14%
NOI: $15,624/yr
Cash-on-Cash Return
-17.08%
Cash Needed: $167,880
1% Rule Ratio
0.39%
Gross Yield: 4.64%
Break-Even Rent
$5,571/mo
State Tax: 1.40%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 11203 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NY Avg 1.40%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$3,691/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,523/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (11203)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $627,996 | $2,076/mo | 3.97% |
| 2022 | $660,193 | $2,439/mo | 4.43% |
| 2023 | $659,871 | $2,495/mo | 4.54% |
| 2024 | $683,473 | $2,530/mo | 4.44% |
| 2025 | $712,372 | $2,768/mo | 4.66% |
| 2026 | $729,912 | $2,825/mo | 4.64% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 11746 South Huntington, NY | $827,813 | $3,217/mo | 2.16% | -$2,698/mo |
| 11226 New York, NY | $801,871 | $3,052/mo | 2.07% | -$2,669/mo |
| 11385 New York, NY | $871,267 | $3,438/mo | 2.22% | -$2,794/mo |
| 10453 New York, NY | $590,228 | $2,354/mo | 2.26% | -$1,871/mo |
| 10025 New York, NY | $1,144,542 | $4,705/mo | 2.39% | -$3,506/mo |
| 11214 New York, NY | $768,481 | $2,780/mo | 1.88% | -$2,684/mo |