With the improvement of machining accuracy, external low frequency vibration has become one of the most important factors affecting the performance of equipment. The theory of quasi-zero stiffness vibration isolation shows favorable low frequency vibration isolation effect. Based on our previous research on the structure of magnetic-air hybrid quasi-zero stiffness vibration isolation system, the nonlinear mechanical expression of positive and negative stiffness structure has been analyzed in this paper, to improve application of the system and provide a theoretical basis for sequential studies of active control. To analyze the judgement criterion of the quasi-zero stiffness, an accurate mechanical model was first established. Then, the dynamical model based on external low frequency vibration was developed, to investigate the stability and natural frequency and deduce. At the same time, the influence of different feedback parameters on the amplitude frequency characteristics has been discussed. Finally, we carried out simulation and experimental analysis to verify the stiffness of high static and low dynamic and the low frequency vibration isolation effect of the vibration isolation system.