ZIP CODE 11213 // NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA // DATA AS OF 2026-09-30
New York, NY (11213) Rental Property Cap Rate & Cash Flow Report
Located in Kings County (New York, NY), Zip Code 11213 ranks #495 of 500 within this selected sample (1th percentile) with a Zillow ZHVI typical home-value index of $1,148,501 (+9.2% YoY) and a ZORI observed market rent of $3,110/mo (+5.4% YoY). Requires at least 87.8% 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
-$4,920/mo
Annual: -$59,043/yr
Modeled Cap Rate
0.93%
NOI: $10,646/yr
Cash-on-Cash Return
-22.35%
Cash Needed: $264,155
1% Rule Ratio
0.27%
Gross Yield: 3.25%
Break-Even Rent
$8,765/mo
State Tax: 1.40%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 11213 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NY Avg 1.40%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$5,807/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$2,223/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (11213)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $917,863 | $2,298/mo | 3.00% |
| 2022 | $971,149 | $2,679/mo | 3.31% |
| 2023 | $968,973 | $2,739/mo | 3.39% |
| 2024 | $992,401 | $2,831/mo | 3.42% |
| 2025 | $1,051,329 | $2,952/mo | 3.37% |
| 2026 | $1,148,501 | $3,110/mo | 3.25% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 11215 New York, NY | $1,543,199 | $4,260/mo | 0.98% | -$6,540/mo |
| 10024 New York, NY | $1,665,701 | $4,649/mo | 1.01% | -$7,015/mo |
| 11216 New York, NY | $1,232,197 | $3,590/mo | 1.14% | -$5,058/mo |
| 11230 New York, NY | $921,508 | $2,754/mo | 1.22% | -$3,723/mo |
| 11220 New York, NY | $942,434 | $2,914/mo | 1.33% | -$3,722/mo |
| 11223 New York, NY | $1,099,286 | $2,525/mo | 0.50% | -$5,102/mo |