ZIP CODE 11221 // NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA // DATA AS OF 2026-09-30
New York, NY (11221) Rental Property Cap Rate & Cash Flow Report
Located in Kings County (New York, NY), Zip Code 11221 ranks #466 of 500 within this selected sample (7th percentile) with a Zillow ZHVI typical home-value index of $1,096,834 (+6.6% YoY) and a ZORI observed market rent of $3,608/mo (+7.5% YoY). Requires at least 79.8% 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
-$4,144/mo
Annual: -$49,727/yr
Modeled Cap Rate
1.53%
NOI: $16,828/yr
Cash-on-Cash Return
-19.71%
Cash Needed: $252,272
1% Rule Ratio
0.33%
Gross Yield: 3.95%
Break-Even Rent
$8,371/mo
State Tax: 1.40%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 11221 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NY Avg 1.40%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$5,546/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$2,206/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (11221)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $983,501 | $2,546/mo | 3.11% |
| 2022 | $1,024,684 | $3,032/mo | 3.55% |
| 2023 | $984,836 | $3,114/mo | 3.79% |
| 2024 | $992,600 | $3,203/mo | 3.87% |
| 2025 | $1,028,851 | $3,355/mo | 3.91% |
| 2026 | $1,096,834 | $3,608/mo | 3.95% |
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 |
| 11238 New York, NY | $1,277,708 | $4,222/mo | 1.55% | -$4,811/mo |
| 11218 New York, NY | $973,500 | $3,156/mo | 1.48% | -$3,718/mo |
| 11201 New York, NY | $1,402,838 | $4,717/mo | 1.61% | -$5,211/mo |
| 10023 New York, NY | $1,444,233 | $4,890/mo | 1.63% | -$5,335/mo |
| 10312 New York, NY | $761,384 | $2,582/mo | 1.64% | -$2,809/mo |