ZIP CODE 11375 // NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA // DATA AS OF 2026-09-30
New York, NY (11375) Rental Property Cap Rate & Cash Flow Report
Located in Queens County (New York, NY), Zip Code 11375 ranks #89 of 500 within this selected sample (82th percentile) with a Zillow ZHVI typical home-value index of $518,447 (+1.9% YoY) and a ZORI observed market rent of $3,204/mo (+4.1% YoY). Requires at least 40.0% 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
-$655/mo
Annual: -$7,859/yr
Modeled Cap Rate
4.55%
NOI: $23,600/yr
Cash-on-Cash Return
-6.59%
Cash Needed: $119,243
1% Rule Ratio
0.62%
Gross Yield: 7.42%
Break-Even Rent
$3,957/mo
State Tax: 1.40%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 11375 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NY Avg 1.40%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$2,622/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,237/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (11375)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $674,296 | $2,250/mo | 4.00% |
| 2022 | $645,880 | $2,548/mo | 4.73% |
| 2023 | $525,277 | $2,764/mo | 6.31% |
| 2024 | $505,590 | $2,929/mo | 6.95% |
| 2025 | $508,923 | $3,078/mo | 7.26% |
| 2026 | $518,447 | $3,204/mo | 7.42% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 11372 New York, NY | $421,676 | $2,665/mo | 4.70% | -$481/mo |
| 10458 New York, NY | $457,948 | $2,969/mo | 4.87% | -$458/mo |
| 10456 New York, NY | $472,538 | $2,702/mo | 4.07% | -$787/mo |
| 10950 Monroe, NY | $523,802 | $2,905/mo | 3.89% | -$951/mo |
| 10467 New York, NY | $431,376 | $2,362/mo | 3.82% | -$809/mo |
| 11377 New York, NY | $554,020 | $2,990/mo | 3.73% | -$1,077/mo |