ZIP CODE 11204 // NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA // DATA AS OF 2026-09-30
New York, NY (11204) Rental Property Cap Rate & Cash Flow Report
Located in Kings County (New York, NY), Zip Code 11204 ranks #500 of 500 nationally (1th percentile) with a Zillow ZHVI typical acquisition price of $1,275,795 (+8.2% YoY) and a ZORI observed market rent of $2,592/mo (+2.8% YoY). Requires at least 97.1% down payment at 6.5% interest to reach $0/mo break-even cash flow.
Net Monthly Cash Flow
-$6,216/mo
Annual: -$74,598/yr
Net Cap Rate
0.22%
NOI: $2,816/yr
Cash-on-Cash Return
-25.42%
Cash Needed: $293,433
1% Rule Ratio
0.20%
Gross Yield: 2.44%
Break-Even Rent
$9,737/mo
State Tax: 1.40%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 11204 BENCHMARK)
Edit any value
Purchase Price (ZHVI Median)
Monthly Gross Rent (ZORI Median)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NY Avg 1.40%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$6,451/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$2,357/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (11204)
| Year | Median Price | Median Rent | Gross Yield |
|---|---|---|---|
| 2023 | $1,066,795 | $2,036/mo | 2.29% |
| 2024 | $1,101,526 | $2,234/mo | 2.43% |
| 2025 | $1,179,535 | $2,521/mo | 2.56% |
| 2026 | $1,275,795 | $2,592/mo | 2.44% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 11219 New York, NY | $1,279,678 | $2,874/mo | 0.44% | -$5,997/mo |
| 11223 New York, NY | $1,099,286 | $2,525/mo | 0.50% | -$5,102/mo |
| 11213 New York, NY | $1,148,501 | $3,110/mo | 0.93% | -$4,920/mo |
| 11215 New York, NY | $1,543,199 | $4,260/mo | 0.98% | -$6,541/mo |
| 10024 New York, NY | $1,665,701 | $4,649/mo | 1.01% | -$7,015/mo |
| 11216 New York, NY | $1,232,197 | $3,590/mo | 1.14% | -$5,058/mo |