ZIP CODE 11373 // NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA // DATA AS OF 2026-09-30
New York, NY (11373) Rental Property Cap Rate & Cash Flow Report
Located in Queens County (New York, NY), Zip Code 11373 ranks #182 of 500 within this selected sample (64th percentile) with a Zillow ZHVI typical home-value index of $521,344 (-0.1% YoY) and a ZORI observed market rent of $2,751/mo (+7.1% YoY). Requires at least 52.4% 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
-$1,068/mo
Annual: -$12,820/yr
Modeled Cap Rate
3.61%
NOI: $18,814/yr
Cash-on-Cash Return
-10.69%
Cash Needed: $119,909
1% Rule Ratio
0.53%
Gross Yield: 6.33%
Break-Even Rent
$3,979/mo
State Tax: 1.40%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 11373 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NY Avg 1.40%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$2,636/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,183/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (11373)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $602,391 | $2,037/mo | 4.06% |
| 2022 | $584,228 | $2,239/mo | 4.60% |
| 2023 | $495,593 | $2,366/mo | 5.73% |
| 2024 | $489,069 | $2,571/mo | 6.31% |
| 2025 | $521,799 | $2,569/mo | 5.91% |
| 2026 | $521,344 | $2,751/mo | 6.33% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 10460 New York, NY | $531,483 | $2,775/mo | 3.55% | -$1,115/mo |
| 11207 New York, NY | $636,603 | $3,286/mo | 3.49% | -$1,368/mo |
| 11377 New York, NY | $554,020 | $2,990/mo | 3.73% | -$1,077/mo |
| 10467 New York, NY | $431,376 | $2,362/mo | 3.82% | -$809/mo |
| 11706 Bay Shore, NY | $657,075 | $3,304/mo | 3.35% | -$1,488/mo |
| 10950 Monroe, NY | $523,802 | $2,905/mo | 3.89% | -$951/mo |