ZIP CODE 08854 // NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA // DATA AS OF 2026-09-30
Piscataway, NJ (08854) Rental Property Cap Rate & Cash Flow Report
Located in Middlesex County (Piscataway, NJ), Zip Code 08854 ranks #420 of 500 within this selected sample (16th percentile) with a Zillow ZHVI typical home-value index of $595,607 (+2.6% YoY) and a ZORI observed market rent of $2,643/mo (-0.4% YoY). Requires at least 72.9% 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
-$1,993/mo
Annual: -$23,915/yr
Modeled Cap Rate
2.05%
NOI: $12,226/yr
Cash-on-Cash Return
-17.46%
Cash Needed: $136,990
1% Rule Ratio
0.44%
Gross Yield: 5.32%
Break-Even Rent
$4,934/mo
State Tax: 2.08%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 08854 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NJ Avg 2.08%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$3,012/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,624/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (08854)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $439,937 | $2,026/mo | 5.53% |
| 2022 | $470,699 | $2,302/mo | 5.87% |
| 2023 | $499,184 | $2,416/mo | 5.81% |
| 2024 | $554,992 | $2,525/mo | 5.46% |
| 2025 | $580,482 | $2,653/mo | 5.48% |
| 2026 | $595,607 | $2,643/mo | 5.32% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 07305 Jersey City, NJ | $527,875 | $2,314/mo | 2.00% | -$1,791/mo |
| 07111 Irvington, NJ | $419,974 | $1,920/mo | 2.19% | -$1,356/mo |
| 07087 Union City, NJ | $559,694 | $2,343/mo | 1.79% | -$1,995/mo |
| 07002 Bayonne, NJ | $588,128 | $2,338/mo | 1.57% | -$2,204/mo |
| 08701 Lakewood, NJ | $591,112 | $2,288/mo | 1.46% | -$2,269/mo |
| 08753 Toms River, NJ | $543,614 | $2,735/mo | 2.67% | -$1,538/mo |