ZIP CODE 11230 // NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA // DATA AS OF 2026-09-30
New York, NY (11230) Rental Property Cap Rate & Cash Flow Report
Located in Kings County (New York, NY), Zip Code 11230 ranks #489 of 500 within this selected sample (2th percentile) with a Zillow ZHVI typical home-value index of $921,508 (+2.9% YoY) and a ZORI observed market rent of $2,754/mo (+1.3% YoY). Requires at least 83.9% 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
-$3,723/mo
Annual: -$44,673/yr
Modeled Cap Rate
1.22%
NOI: $11,243/yr
Cash-on-Cash Return
-21.08%
Cash Needed: $211,947
1% Rule Ratio
0.30%
Gross Yield: 3.59%
Break-Even Rent
$7,033/mo
State Tax: 1.40%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 11230 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NY Avg 1.40%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$4,660/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,817/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (11230)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $1,044,961 | $2,281/mo | 2.62% |
| 2022 | $996,119 | $2,434/mo | 2.93% |
| 2023 | $848,437 | $2,576/mo | 3.64% |
| 2024 | $857,637 | $2,646/mo | 3.70% |
| 2025 | $895,736 | $2,718/mo | 3.64% |
| 2026 | $921,508 | $2,754/mo | 3.59% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 11216 New York, NY | $1,232,197 | $3,590/mo | 1.14% | -$5,058/mo |
| 11220 New York, NY | $942,434 | $2,914/mo | 1.33% | -$3,722/mo |
| 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 |
| 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 |