ZIP CODE 11355 // NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA // DATA AS OF 2026-09-30
New York, NY (11355) Rental Property Cap Rate & Cash Flow Report
Located in Queens County (New York, NY), Zip Code 11355 ranks #322 of 500 within this selected sample (36th percentile) with a Zillow ZHVI typical home-value index of $613,039 (+2.5% YoY) and a ZORI observed market rent of $2,735/mo (+0.2% YoY). Requires at least 63.6% 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
-$1,691/mo
Annual: -$20,293/yr
Modeled Cap Rate
2.76%
NOI: $16,905/yr
Cash-on-Cash Return
-14.39%
Cash Needed: $140,999
1% Rule Ratio
0.45%
Gross Yield: 5.35%
Break-Even Rent
$4,679/mo
State Tax: 1.40%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 11355 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NY Avg 1.40%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$3,100/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,326/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (11355)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $623,453 | $2,022/mo | 3.89% |
| 2022 | $623,679 | $2,283/mo | 4.39% |
| 2023 | $561,629 | $2,411/mo | 5.15% |
| 2024 | $570,949 | $2,473/mo | 5.20% |
| 2025 | $597,841 | $2,731/mo | 5.48% |
| 2026 | $613,039 | $2,735/mo | 5.35% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 10457 New York, NY | $540,839 | $2,390/mo | 2.71% | -$1,512/mo |
| 10029 New York, NY | $759,869 | $3,426/mo | 2.81% | -$2,065/mo |
| 11434 New York, NY | $718,262 | $3,150/mo | 2.68% | -$2,029/mo |
| 11208 New York, NY | $742,792 | $3,383/mo | 2.85% | -$1,989/mo |
| 10701 Yonkers, NY | $627,944 | $2,737/mo | 2.65% | -$1,788/mo |
| 11235 New York, NY | $602,529 | $2,614/mo | 2.63% | -$1,727/mo |