ZIP CODE 07087 // NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA // DATA AS OF 2026-09-30
Union City, NJ (07087) Rental Property Cap Rate & Cash Flow Report
Located in Hudson County (Union City, NJ), Zip Code 07087 ranks #442 of 500 within this selected sample (12th percentile) with a Zillow ZHVI typical home-value index of $559,694 (+4.9% YoY) and a ZORI observed market rent of $2,343/mo (+4.7% YoY). Requires at least 76.4% 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
-$1,995/mo
Annual: -$23,940/yr
Modeled Cap Rate
1.79%
NOI: $10,021/yr
Cash-on-Cash Return
-18.60%
Cash Needed: $128,730
1% Rule Ratio
0.42%
Gross Yield: 5.02%
Break-Even Rent
$4,636/mo
State Tax: 2.08%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 07087 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NJ Avg 2.08%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$2,830/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,508/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (07087)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $403,166 | $1,758/mo | 5.23% |
| 2022 | $417,820 | $1,962/mo | 5.63% |
| 2023 | $425,507 | $2,120/mo | 5.98% |
| 2024 | $484,512 | $2,177/mo | 5.39% |
| 2025 | $533,500 | $2,237/mo | 5.03% |
| 2026 | $559,694 | $2,343/mo | 5.02% |
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 |
| 07002 Bayonne, NJ | $588,128 | $2,338/mo | 1.57% | -$2,204/mo |
| 08854 Piscataway, NJ | $595,607 | $2,643/mo | 2.05% | -$1,993/mo |
| 08701 Lakewood, NJ | $591,112 | $2,288/mo | 1.46% | -$2,269/mo |
| 07111 Irvington, NJ | $419,974 | $1,920/mo | 2.19% | -$1,356/mo |
| 07055 Passaic, NJ | $555,405 | $2,055/mo | 1.28% | -$2,215/mo |