ZIP CODE 11214 // NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA // DATA AS OF 2026-09-30
New York, NY (11214) Rental Property Cap Rate & Cash Flow Report
Located in Kings County (New York, NY), Zip Code 11214 ranks #435 of 500 within this selected sample (13th percentile) with a Zillow ZHVI typical home-value index of $768,481 (+3.6% YoY) and a ZORI observed market rent of $2,780/mo (+2.2% YoY). Requires at least 75.3% 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
-$2,684/mo
Annual: -$32,208/yr
Modeled Cap Rate
1.88%
NOI: $14,422/yr
Cash-on-Cash Return
-18.22%
Cash Needed: $176,751
1% Rule Ratio
0.36%
Gross Yield: 4.34%
Break-Even Rent
$5,865/mo
State Tax: 1.40%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 11214 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NY Avg 1.40%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$3,886/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,578/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (11214)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $733,391 | $2,047/mo | 3.35% |
| 2022 | $731,518 | $2,251/mo | 3.69% |
| 2023 | $689,410 | $2,413/mo | 4.20% |
| 2024 | $708,511 | $2,614/mo | 4.43% |
| 2025 | $741,606 | $2,721/mo | 4.40% |
| 2026 | $768,481 | $2,780/mo | 4.34% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 11206 New York, NY | $1,125,835 | $4,066/mo | 1.87% | -$3,938/mo |
| 10314 New York, NY | $708,275 | $2,515/mo | 1.81% | -$2,515/mo |
| 11209 New York, NY | $829,586 | $2,868/mo | 1.71% | -$3,013/mo |
| 11211 New York, NY | $1,435,890 | $4,935/mo | 1.69% | -$5,241/mo |
| 11226 New York, NY | $801,871 | $3,052/mo | 2.07% | -$2,669/mo |
| 11234 New York, NY | $783,194 | $2,677/mo | 1.67% | -$2,871/mo |