ZIP CODE 11220 // NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA // DATA AS OF 2026-09-30
New York, NY (11220) Rental Property Cap Rate & Cash Flow Report
Located in Kings County (New York, NY), Zip Code 11220 ranks #485 of 500 within this selected sample (3th percentile) with a Zillow ZHVI typical home-value index of $942,434 (+5.2% YoY) and a ZORI observed market rent of $2,914/mo (+5.6% YoY). Requires at least 82.5% 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
-$3,722/mo
Annual: -$44,669/yr
Modeled Cap Rate
1.33%
NOI: $12,516/yr
Cash-on-Cash Return
-20.61%
Cash Needed: $216,760
1% Rule Ratio
0.31%
Gross Yield: 3.71%
Break-Even Rent
$7,193/mo
State Tax: 1.40%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 11220 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NY Avg 1.40%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$4,765/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,871/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (11220)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $1,141,759 | $2,118/mo | 2.23% |
| 2022 | $1,173,064 | $2,388/mo | 2.44% |
| 2023 | $879,391 | $2,501/mo | 3.41% |
| 2024 | $878,839 | $2,590/mo | 3.54% |
| 2025 | $896,201 | $2,760/mo | 3.70% |
| 2026 | $942,434 | $2,914/mo | 3.71% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 11210 New York, NY | $934,232 | $2,939/mo | 1.38% | -$3,646/mo |
| 11432 New York, NY | $898,617 | $2,834/mo | 1.39% | -$3,501/mo |
| 11230 New York, NY | $921,508 | $2,754/mo | 1.22% | -$3,723/mo |
| 11218 New York, NY | $973,500 | $3,156/mo | 1.48% | -$3,718/mo |
| 11216 New York, NY | $1,232,197 | $3,590/mo | 1.14% | -$5,058/mo |
| 11233 New York, NY | $1,006,841 | $3,301/mo | 1.52% | -$3,813/mo |