ZIP CODE 11432 // NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA // DATA AS OF 2026-09-30
New York, NY (11432) Rental Property Cap Rate & Cash Flow Report
Located in Queens County (New York, NY), Zip Code 11432 ranks #479 of 500 within this selected sample (4th percentile) with a Zillow ZHVI typical home-value index of $898,617 (+4.8% YoY) and a ZORI observed market rent of $2,834/mo (+8.8% YoY). Requires at least 81.6% 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
-$3,501/mo
Annual: -$42,014/yr
Modeled Cap Rate
1.39%
NOI: $12,513/yr
Cash-on-Cash Return
-20.33%
Cash Needed: $206,682
1% Rule Ratio
0.32%
Gross Yield: 3.78%
Break-Even Rent
$6,858/mo
State Tax: 1.40%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 11432 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NY Avg 1.40%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$4,544/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,791/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (11432)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $800,542 | $2,163/mo | 3.24% |
| 2022 | $835,996 | $2,199/mo | 3.16% |
| 2023 | $789,992 | $2,403/mo | 3.65% |
| 2024 | $818,868 | $2,615/mo | 3.83% |
| 2025 | $857,167 | $2,606/mo | 3.65% |
| 2026 | $898,617 | $2,834/mo | 3.78% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 11210 New York, NY | $934,232 | $2,939/mo | 1.38% | -$3,646/mo |
| 11220 New York, NY | $942,434 | $2,914/mo | 1.33% | -$3,722/mo |
| 11218 New York, NY | $973,500 | $3,156/mo | 1.48% | -$3,718/mo |
| 11233 New York, NY | $1,006,841 | $3,301/mo | 1.52% | -$3,813/mo |
| 11221 New York, NY | $1,096,834 | $3,608/mo | 1.53% | -$4,144/mo |
| 11238 New York, NY | $1,277,708 | $4,222/mo | 1.55% | -$4,811/mo |