ZIP CODE 11385 // NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA // DATA AS OF 2026-09-30
New York, NY (11385) Rental Property Cap Rate & Cash Flow Report
Located in Queens County (New York, NY), Zip Code 11385 ranks #397 of 500 within this selected sample (21th percentile) with a Zillow ZHVI typical home-value index of $871,267 (+2.8% YoY) and a ZORI observed market rent of $3,438/mo (+6.7% YoY). Requires at least 70.7% 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
-$2,794/mo
Annual: -$33,528/yr
Modeled Cap Rate
2.22%
NOI: $19,339/yr
Cash-on-Cash Return
-16.73%
Cash Needed: $200,391
1% Rule Ratio
0.39%
Gross Yield: 4.74%
Break-Even Rent
$6,650/mo
State Tax: 1.40%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 11385 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NY Avg 1.40%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$4,406/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,826/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (11385)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $785,450 | $2,434/mo | 3.72% |
| 2022 | $820,290 | $2,886/mo | 4.22% |
| 2023 | $810,550 | $2,966/mo | 4.39% |
| 2024 | $822,758 | $3,101/mo | 4.52% |
| 2025 | $847,256 | $3,221/mo | 4.56% |
| 2026 | $871,267 | $3,438/mo | 4.74% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 10453 New York, NY | $590,228 | $2,354/mo | 2.26% | -$1,871/mo |
| 11746 South Huntington, NY | $827,813 | $3,217/mo | 2.16% | -$2,698/mo |
| 11203 New York, NY | $729,912 | $2,825/mo | 2.14% | -$2,389/mo |
| 11226 New York, NY | $801,871 | $3,052/mo | 2.07% | -$2,669/mo |
| 10025 New York, NY | $1,144,542 | $4,705/mo | 2.39% | -$3,506/mo |
| 10469 New York, NY | $695,843 | $2,880/mo | 2.42% | -$2,115/mo |