ZIP CODE 11235 // NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA // DATA AS OF 2026-09-30
New York, NY (11235) Rental Property Cap Rate & Cash Flow Report
Located in Kings County (New York, NY), Zip Code 11235 ranks #345 of 500 within this selected sample (31th percentile) with a Zillow ZHVI typical home-value index of $602,529 (+1.5% YoY) and a ZORI observed market rent of $2,614/mo (+3.5% YoY). Requires at least 65.3% 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
-$1,727/mo
Annual: -$20,718/yr
Modeled Cap Rate
2.63%
NOI: $15,842/yr
Cash-on-Cash Return
-14.95%
Cash Needed: $138,582
1% Rule Ratio
0.43%
Gross Yield: 5.21%
Break-Even Rent
$4,599/mo
State Tax: 1.40%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 11235 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NY Avg 1.40%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$3,047/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,294/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (11235)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $650,279 | $2,039/mo | 3.76% |
| 2022 | $643,343 | $2,231/mo | 4.16% |
| 2023 | $535,229 | $2,328/mo | 5.22% |
| 2024 | $562,096 | $2,443/mo | 5.22% |
| 2025 | $593,745 | $2,525/mo | 5.10% |
| 2026 | $602,529 | $2,614/mo | 5.21% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 10701 Yonkers, NY | $627,944 | $2,737/mo | 2.65% | -$1,788/mo |
| 11434 New York, NY | $718,262 | $3,150/mo | 2.68% | -$2,029/mo |
| 10457 New York, NY | $540,839 | $2,390/mo | 2.71% | -$1,512/mo |
| 11236 New York, NY | $689,060 | $2,919/mo | 2.52% | -$2,036/mo |
| 11355 New York, NY | $613,039 | $2,735/mo | 2.76% | -$1,691/mo |
| 10029 New York, NY | $759,869 | $3,426/mo | 2.81% | -$2,065/mo |