10659 NE Quaybridge Ct Unit C5
Miami, FL 33138 · townhomes · For Sale · 97 days on market
Asking price$1,599,000
4 beds 3 baths 3,696 sqft
Listed by Julian Calderin · One Sotheby's International Realty
Typetownhomes
Built—
Price / sqft$433
Est. value (Realtor.com)$1,847,100
Rent estimate (own analysis)$9,750/mo
HOA$891/mo
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Statusfor_sale
Listed date2026-05-28
Removed date—
MLSMiamiMLS #A12026467
Coordinates25.87398, -80.16652
Address10659 NE Quaybridge Ct Unit C5
CityMiami
StateFL
Zip33138
Listing ID6502397508
Sourcerealtor, cached 2026-08-21
ZIP market snapshot (33138)
Typical home value (ZHVI)$806,988
Typical rent (ZORI)$2,367/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.
Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $1,599,000 |
| Down payment (20.0%) | $319,800 |
| Loan amount | $1,279,200 |
| Closing costs (5.0%) | $79,950 |
| Total cash to close | $399,750 |
| Income | |
| Rent (comp-derived) | $9,750$116,994 |
| Vacancy loss (8.0%) | |
| Effective gross income | $8,970$107,634 |
| Operating expenses | |
| Property tax (real MLS tax bill, from Realtor Search) | $1,055$12,657 |
| Insurance (placeholder 0.8% of price) | $1,066$12,792 |
| HOA dues | $891$10,692 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $487$5,850 |
| Total operating expenses | $3,499$41,991 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $487$5,850 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| townhomes | 4 | 5 | 2,988 | $10,500 | 2026-07-27 | — | |
| townhomes | 4 | 5 | 2,750 | $8,999 | 2026-07-13 | — | |
| townhomes | 4 | 3 | 3,696 | $12,000 | 2026-06-05 | — | |
| townhomes | 4 | 3 | 3,024 | $3,750 | 2026-04-09 | — |
Widened to any bedroom count in ZIP. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 5021 NE London Walk Ter Unit 50 | townhomes | 3 | 3 | 3,500 | $2,300,000 | 2026-08-05 |
| 1503 NE 105th St Unit 1-10 | townhomes | 2 | 3 | 1,507 | $415,000 | 2026-05-15 |
Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 1085 NE 84th St | single_family | 4 | 3 | 1,925 | $1,299,000 | — |
| 670 NE 87th St | multi_family | 4 | 2 | 1,584 | $850,000 | — |
| 685 NE 81st St | single_family | 4 | 3 | 3,129 | $2,850,000 | — |
| 533-535 NE 67th St | multi_family | 4 | 4 | 1,000 | $1,059,000 | — |
| 776 NE 74th St | single_family | 4 | 4 | 1,834 | $1,950,000 | — |
| 420 NE 62nd St Unit B | condos | 4 | 5 | 2,786 | $1,850,000 | — |
| 420 NE 62nd St Unit A | townhomes | 4 | 5 | 2,786 | $1,850,000 | — |
| 910 NE 81st St | single_family | 4 | 3 | 1,808 | $1,480,000 | — |
10-year hold projection
IRR3.8%
Equity multiple1.61x
Total return (10yr)$451,825
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,646,970 | $65,644 | -$38,852 | $1,265,331 | $381,639 |
| 2 | $1,696,379 | $67,823 | -$36,819 | $1,250,509 | $445,870 |
| 3 | $1,747,270 | $70,073 | -$34,719 | $1,234,669 | $512,601 |
| 4 | $1,799,689 | $72,396 | -$32,550 | $1,217,742 | $581,947 |
| 5 | $1,853,679 | $74,794 | -$30,309 | $1,199,652 | $654,027 |
| 6 | $1,909,290 | $77,269 | -$27,995 | $1,180,320 | $728,969 |
| 7 | $1,966,568 | $79,825 | -$25,605 | $1,159,661 | $806,907 |
| 8 | $2,025,565 | $82,463 | -$23,136 | $1,137,583 | $887,983 |
| 9 | $2,086,332 | $85,187 | -$20,587 | $1,113,988 | $972,344 |
| 10 | $2,148,922 | $87,998 | -$17,953 | $1,088,774 | $1,060,149 |
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.