ZIP CODE 11216 // NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA // DATA AS OF 2026-09-30
New York, NY (11216) Rental Property Cap Rate & Cash Flow Report
Located in Kings County (New York, NY), Zip Code 11216 ranks #490 of 500 within this selected sample (2th percentile) with a Zillow ZHVI typical home-value index of $1,232,197 (+4.1% YoY) and a ZORI observed market rent of $3,590/mo (+6.3% YoY). Requires at least 84.9% 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
-$5,058/mo
Annual: -$60,700/yr
Modeled Cap Rate
1.14%
NOI: $14,068/yr
Cash-on-Cash Return
-21.42%
Cash Needed: $283,405
1% Rule Ratio
0.29%
Gross Yield: 3.50%
Break-Even Rent
$9,404/mo
State Tax: 1.40%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 11216 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NY Avg 1.40%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$6,231/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$2,418/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (11216)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $1,101,525 | $2,592/mo | 2.82% |
| 2022 | $1,155,997 | $3,073/mo | 3.19% |
| 2023 | $1,145,908 | $3,150/mo | 3.30% |
| 2024 | $1,129,465 | $3,267/mo | 3.47% |
| 2025 | $1,184,160 | $3,376/mo | 3.42% |
| 2026 | $1,232,197 | $3,590/mo | 3.50% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 11230 New York, NY | $921,508 | $2,754/mo | 1.22% | -$3,723/mo |
| 10024 New York, NY | $1,665,701 | $4,649/mo | 1.01% | -$7,015/mo |
| 11215 New York, NY | $1,543,199 | $4,260/mo | 0.98% | -$6,540/mo |
| 11220 New York, NY | $942,434 | $2,914/mo | 1.33% | -$3,722/mo |
| 11213 New York, NY | $1,148,501 | $3,110/mo | 0.93% | -$4,920/mo |
| 11210 New York, NY | $934,232 | $2,939/mo | 1.38% | -$3,646/mo |