CityPlace bnb at dusk, two-story building with a Dallas-skyline mural across the facade, lawn and iron fence in front
3604 San Jacinto St · Dallas medical district

Ten suites. Four years of operating history. The operation comes with it.

2 minutes to Baylor · unpriced, 9%+ cap on actuals, verifiable to the reservation

The full financial package, by email. No lists, no spam. Or see the numbers first.

Call · Text · (737) 367-2371

$307,946
T12 revenue (thru Jun 2026)
$176,844
T12 NOI
~4 yrs
At ~$28–32k/mo gross
$2.77M
Going-concern appraisal (Jun ’25)
2 min
Walk to Baylor Univ. Medical Center
01The numbers

The operation’s actual numbers, verifiable to the reservation.

STR income only scares buyers who can’t verify it. Everything here is verifiable, down to the reservation: roughly four years of monthly P&L, reservation-level channel earnings, and two 2025 appraisals, all in the deal room. You are buying the income the way it is earned today.

T12 actuals

Trailing twelve months, as operated

Revenue (T12 through Jun 2026)$307,946
Operating expensesTaxes, insurance, utilities, cleaning, management, software, full detail in the deal room P&L−$131,102
Net operating income$176,844

From the owner’s P&L, verifiable against reservation-level channel earnings and ~4 years of monthly statements in the deal room.

You choose the price. We’ll show the math.

There is no asking price on this page. Move the slider and the numbers re-price live: cap rate at your number, and cash-on-cash with 75% of it financed.

$2,200,000 $220,000 per door
$1.6M$2.8M
T12 actuals · NOI $176,844
8.04%cap rate
Loan at 75% LTV
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Annual debt service
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Cash flow after debt
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Equity in (25%)
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Cash-on-cash
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Debt illustration: 75% LTV, 7.25% rate, 25-year amortization. The rate is illustrative, not quoted. Financing precedent: institutional lender term sheet obtained at 75% LTV (80% available at DSCR ≥ 1.15), available in the deal room. Closing costs, insurance changes, and capex not modeled; NOI held constant across prices.

02The operation

You are not buying a job. You are buying a documented machine.

You’ve underwritten seller-story STRs before: inflated ADRs, phantom occupancy, an operation that lives in the owner’s head. This is the opposite, every role is filled, every system is named, and all of it transfers.

Cloudbeds PMS

Central reservations, rates, and reporting across Airbnb, Booking.com, Expedia, VRBO, and direct. Transfers with the sale.

RoomPriceGenie dynamic pricing

Rates re-price automatically against the Dallas market. Configuration transfers.

Remote reservation manager, 4 years’ tenure

Handles all guest contact: messaging, calls, reservations, payment collection. Offshore, trained, documented.

Cleaner plus backup bench

Primary cleaning team with a vetted bench behind it, working from documented checklists.

Handyman on call

Established maintenance relationship for turns and repairs.

Smart locks with code logs

Contactless entry on every unit; codes issued per stay and logged.

Ring cameras per unit entrance

Remote visibility over arrivals, departures, and cleaner check-ins.

Slack ops channel

One channel where staff, cleaning, and maintenance coordinate, a written operating record.

Training & ops documentation

Reservation-manager and cleaner training materials, plus systems documentation, all in the deal room.

~5 hrsowner time / week

The owner runs this property in about five hours a week from Austin, three hours away. The systems above are why. Optional transition support: the seller offers a two-month transition support contract so the machine changes hands running.

03Verifiability

Don’t take the seller’s word for any of it. Audit us.

Most STR listings ask you to trust a spreadsheet. This one hands you the source documents: earnings pulled from the booking platforms themselves, reservation by reservation, next to four years of monthly P&L and two independent 2025 appraisals.

Request deal-room access

  1. i.
    Reservation-level earnings by booking channelPulled from the platforms, not typed into a spreadsheet
  2. ii.
    ~4 years of monthly P&LThe full operating history behind the T12
  3. iii.
    Both 2025 appraisals$2.43M real estate / $2.77M going concern, June 2025
  4. iv.
    Institutional lender term sheet75% LTV obtained; 80% available at DSCR ≥ 1.15
  5. v.
    Systems & operations documentationRoles, training materials, checklists, vendor relationships
  6. vi.
    2026 tax recordsIncluding the post-appeal $1,610,000 assessed value
04Location & demand

Two minutes on foot from a 914-bed Level I trauma center.

CityPlace bnb sits at 3604 San Jacinto St in Dallas’s medical district, a two-minute walk from Baylor University Medical Center, a 914-bed Level I trauma center and the flagship of the largest non-profit health system in Texas. Medical stays are long, planned, and rate-insensitive: patients’ families, traveling clinicians, and visiting specialists need a kitchen, parking, and a real apartment more than they need a front desk.

The unit design is built for exactly that demand: ten identical ~550 sqft one-bedroom suites with full kitchens, dedicated workspaces, free private parking, contactless entry, and a private dog park. Downtown, Deep Ellum, and Uptown are minutes away for the leisure and business mix.

The upside a buyer wants is already in motion: rates were recently raised with no drop in booking velocity, and the property still books below comparable Baylor-area extended-stay product. The corporate-housing lane, 30+ day stays, which are also exempt from hotel occupancy tax, is barely worked: the hospital’s own traveling-staff pipeline, insurance placements, and relocation firms are outbound calls, not construction projects.

  • Walk to Baylor University Medical Center 2 minutes
  • Hospital scale 914 beds · Level I trauma
  • Identical renovated 1BR/1BA suites 10 × ~550 sqft
  • Full kitchens, in every unit 10 of 10
  • Free private parking On site
  • Private dog park Fenced, on site
  • Contactless entry, per-stay codes Every unit
  • Renovated 2022, documented $161k
05Regulation

The Dallas STR question, answered with a court record and a won appeal, not with assurances.

Dallas has attempted to restrict short-term rentals, and those attempts have repeatedly lost in court: the city’s ordinances have been challenged and have not been enforced against operators like this one. Separately and specifically, this property faced a platform-level challenge and won its own appeal on all four points in February 2025, it operates today across every major booking channel.

Buyers should evaluate the regulatory landscape for themselves as part of diligence. What this property offers is not a prediction, it is a multi-year operating record through the entire ordinance fight, and its own decided appeal.

07Price per door

Compare it to what a door actually costs to create.

A 1960s-vintage shell in this part of Dallas still needs renovation, furnishing, licensing, listings, staffing, and two years of reviews before it earns a dollar. Here, that work is done, documented, and appraised.

$243,000/door
Real estate appraisal · Jun 2025

$2.43M appraised value of the real estate alone, across ten doors.

$277,000/door
Going-concern appraisal · Jun 2025

$2.77M appraised as a going concern, real estate plus the operating business, income, and systems that transfer.

$161k
2022 renovation · documented

Full-property renovation completed in 2022, receipts in the deal room. Furnished, listed, reviewed, and running since.

Every dollar between your price on the slider and the appraised marks above is margin you keep, and both appraisals are in the deal room for your lender.

08Questions serious buyers ask

Straight answers.

Why is the owner selling a performing property?

He is redeploying capital into multifamily acquisitions and his AI software business. Both are verifiable in conversation, and neither is a problem with this asset. The same four-year P&L that supports this page is available for your accountant to pick apart.

What exactly transfers with the sale?

Everything that makes it run: the staff relationships (reservation manager, cleaning team and bench, handyman), Cloudbeds PMS, the RoomPriceGenie pricing configuration, the listings and reviews on every channel, the smart-lock and camera infrastructure, and the operations documentation. The seller also offers an optional two-month transition support contract.

Is the income actually verifiable?

Yes, that is the point of the deal room. It contains reservation-level earnings by booking channel pulled from the platforms, roughly four years of monthly P&L, both 2025 appraisals, and the 2026 tax records. Verify first, then price it.

What is the financing picture?

An institutional lender term sheet has been obtained at 75% LTV, with 80% available at DSCR ≥ 1.15, the term sheet is in the deal room. The slider above shows illustrative debt service at 75% LTV / 7.25% / 25-year amortization at any price you choose. All financing is subject to underwriting.

Can I really run this without living in Dallas?

The current owner runs it in about five hours a week from Austin. Guest contact is handled by a reservation manager with four years on this property; cleaning and maintenance run on checklists through a Slack ops channel; smart-lock code logs and per-unit cameras give you remote eyes. When a staffing problem hit in early 2026, it surfaced in the numbers within weeks and was corrected remotely; the full month-by-month record is in the deal room.

How do offers work?

Request the deal room below, verify the numbers, tour the property, and submit your offer to the ownership team. The property is unpriced by design: bring the number your underwriting supports.

09Next step

Request the deal room.

Reservation-level channel earnings, ~4 years of monthly P&L, both 2025 appraisals, the lender term sheet, systems documentation, and 2026 tax records. Access goes to qualified buyers; tours are booked from there.

Call (737) 367-2371 · Text (737) 367-2371

Your information goes to the ownership team only and is used to grant deal-room access and coordinate tours. No lists, no spam.

Request the deal room