ZIP CODE 11208 // NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA // DATA AS OF 2026-09-30
New York, NY (11208) Rental Property Cap Rate & Cash Flow Report
Located in Kings County (New York, NY), Zip Code 11208 ranks #299 of 500 within this selected sample (40th percentile) with a Zillow ZHVI typical home-value index of $742,792 (+5.5% YoY) and a ZORI observed market rent of $3,383/mo (+20.7% YoY). Requires at least 62.4% 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
-$1,989/mo
Annual: -$23,866/yr
Modeled Cap Rate
2.85%
NOI: $21,206/yr
Cash-on-Cash Return
-13.97%
Cash Needed: $170,842
1% Rule Ratio
0.46%
Gross Yield: 5.47%
Break-Even Rent
$5,669/mo
State Tax: 1.40%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 11208 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NY Avg 1.40%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$3,756/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,616/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (11208)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2022 | $663,800 | $1,999/mo | 3.61% |
| 2023 | $673,161 | $2,199/mo | 3.92% |
| 2024 | $694,930 | $2,344/mo | 4.05% |
| 2025 | $704,268 | $2,803/mo | 4.78% |
| 2026 | $742,792 | $3,383/mo | 5.47% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 10029 New York, NY | $759,869 | $3,426/mo | 2.81% | -$2,065/mo |
| 11355 New York, NY | $613,039 | $2,735/mo | 2.76% | -$1,691/mo |
| 10027 New York, NY | $815,605 | $3,807/mo | 2.97% | -$2,103/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 |
| 10466 New York, NY | $663,951 | $3,144/mo | 3.04% | -$1,673/mo |