ZIP CODE 11209 // NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA // DATA AS OF 2026-09-30
New York, NY (11209) Rental Property Cap Rate & Cash Flow Report
Located in Kings County (New York, NY), Zip Code 11209 ranks #448 of 500 within this selected sample (11th percentile) with a Zillow ZHVI typical home-value index of $829,586 (+3.8% YoY) and a ZORI observed market rent of $2,868/mo (+5.3% YoY). Requires at least 77.5% 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
-$3,013/mo
Annual: -$36,158/yr
Modeled Cap Rate
1.71%
NOI: $14,180/yr
Cash-on-Cash Return
-18.95%
Cash Needed: $190,805
1% Rule Ratio
0.35%
Gross Yield: 4.15%
Break-Even Rent
$6,331/mo
State Tax: 1.40%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 11209 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NY Avg 1.40%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$4,195/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,686/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (11209)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $945,494 | $2,090/mo | 2.65% |
| 2022 | $910,628 | $2,268/mo | 2.99% |
| 2023 | $756,952 | $2,425/mo | 3.84% |
| 2024 | $759,032 | $2,546/mo | 4.03% |
| 2025 | $799,111 | $2,724/mo | 4.09% |
| 2026 | $829,586 | $2,868/mo | 4.15% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 11211 New York, NY | $1,435,890 | $4,935/mo | 1.69% | -$5,241/mo |
| 11234 New York, NY | $783,194 | $2,677/mo | 1.67% | -$2,871/mo |
| 11229 New York, NY | $770,010 | $2,622/mo | 1.66% | -$2,832/mo |
| 10312 New York, NY | $761,384 | $2,582/mo | 1.64% | -$2,809/mo |
| 10023 New York, NY | $1,444,233 | $4,890/mo | 1.63% | -$5,335/mo |
| 10314 New York, NY | $708,275 | $2,515/mo | 1.81% | -$2,515/mo |