ZIP CODE 11218 // NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA // DATA AS OF 2026-09-30
New York, NY (11218) Rental Property Cap Rate & Cash Flow Report
Located in Kings County (New York, NY), Zip Code 11218 ranks #472 of 500 within this selected sample (6th percentile) with a Zillow ZHVI typical home-value index of $973,500 (+5.1% YoY) and a ZORI observed market rent of $3,156/mo (+1.6% YoY). Requires at least 80.4% 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
-$3,718/mo
Annual: -$44,618/yr
Modeled Cap Rate
1.48%
NOI: $14,453/yr
Cash-on-Cash Return
-19.93%
Cash Needed: $223,905
1% Rule Ratio
0.32%
Gross Yield: 3.89%
Break-Even Rent
$7,430/mo
State Tax: 1.40%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 11218 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NY Avg 1.40%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$4,923/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,952/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (11218)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $953,596 | $2,368/mo | 2.98% |
| 2022 | $972,621 | $2,660/mo | 3.28% |
| 2023 | $883,467 | $2,827/mo | 3.84% |
| 2024 | $905,392 | $2,933/mo | 3.89% |
| 2025 | $925,848 | $3,106/mo | 4.03% |
| 2026 | $973,500 | $3,156/mo | 3.89% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 11233 New York, NY | $1,006,841 | $3,301/mo | 1.52% | -$3,813/mo |
| 11221 New York, NY | $1,096,834 | $3,608/mo | 1.53% | -$4,144/mo |
| 11238 New York, NY | $1,277,708 | $4,222/mo | 1.55% | -$4,811/mo |
| 11432 New York, NY | $898,617 | $2,834/mo | 1.39% | -$3,501/mo |
| 11210 New York, NY | $934,232 | $2,939/mo | 1.38% | -$3,646/mo |
| 11201 New York, NY | $1,402,838 | $4,717/mo | 1.61% | -$5,211/mo |