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Kiké Hernandez Purchases Newly Built Single Family Home In Phoenix For $5.375M
SOLD
$5,375,000
Arizona
See Similar DealsSingle Family5,181 SF
Sold
SOLD
Kiké Hernandez Purchases Newly Built Single Family Home In Phoenix For $5.375M
East Lafayette Boulevard
See Similar DealsSingle Family5,181 SF
Sold
Summary
ARIZONA
Asset Type:Single Family
Price Per Square Foot:$1037
Total Square Footage:5181 SF
Transaction Type:Sale
Kiké Hernandez purchased a newly built home located on East Lafayette Boulevard in Phoenix, AZ, for $5,375,000. The residence spans 5,181 square feet, equating to a price per square foot of $1,037. The property was acquired in cash, and the sale was below its original listing price of $5.85 million.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $5,375,000
- Sale Date: 03/11/2026
- Square Footage: 5,181
- Price Per Square Foot: $1,037
- Market: Phoenix, AZ
- Buyer: Kiké Hernandez
This transaction illustrates the current movement in the luxury market under $5 million, highlighting a trend where buyers are increasingly opting for newly constructed or renovated homes instead of those requiring significant work.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$286,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,096.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,480.24
Annual Debt Service$305,762.91
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