STR Exchange

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2929 Kings Rd Dallas, Texas 75219

1803

Bedrooms

Utilities Included

Bathrooms

Furnished

Available to Lease on

March 7th

Property Type

Apartment

SQFT

1207

Talk to STR Exchange

Key metrics

Rent

1803

Monthly Estimated Profit^?

3799

Annual Estimated Profit^?

45588

Acquisition Fee

2500

Security Deposit

100

Average Daily Rate

310

Occupancy

63%

Annual Revenue

71000

Key Features

Property Description:

Modern apartment living at 2929 Kings Rd, Dallas, TX 75219, offering 1-bedroom, 2-bedroom, and 3-bedroom units with luxury finishes and resort-style amenities. Located just 2 miles (approximately 7 minutes) from downtown Dallas, this community provides the perfect blend of comfort, convenience, and accessibility.

A 3-bedroom, 2-bathroom unit (608) will be available on March 7, with lease terms ranging from 6-13 months. Rent starts at $1,803 for a 6-month lease, with pricing based on lease length.

Investment Highlights

Estimated Annual Revenue for 3-Bedroom, 2-Bath: $71,000+
Monthly Profit Estimate: $3,700+
No security deposit (credit-based monthly charge: $5-$50)
1-2 Bedroom Units: $1,499 – $1,799/month, available for immediate lease
Move-in specials vary based on lease timing

Apartment Features

High-speed internet access
In-unit washer/dryer or washer/dryer hookup
Ceiling fans & air conditioning
Fireplace (select units)
Cable ready
Quartz countertops & stainless steel appliances
Dishwasher, microwave, oven, range, & refrigerator
Luxury cabinets, backsplashes, and brushed nickel hardware
Walk-in closets & pantry
Wood plank vinyl flooring
Private balcony or patio

Community Amenities

Sparkling swimming pool
Fully equipped fitness center
Business center & clubhouse
Controlled access & on-site management
Package receiving & on-site maintenance
Playground & dog park

Rental Terms & Fees

Lease Length: 6-13 months
Rent Based on Lease Term: Starting at $1,803 for a 6-month lease
Credit-Based Monthly Charge (No Security Deposit): $5-$50/month
Utilities: Not included
1-2 Bedroom Units: $1,499 – $1,799/month, available immediately

‍

STR Regulations Summary:

Status:

Mixed

View Regulations Here

As of February 2025, Dallas is not actively enforcing its short-term rental (STR) regulations for non-owner occupied properties due to ongoing legal challenges. Here's the current situation:

The Dallas City Council passed ordinances in June 2023 that effectively banned STRs in single-family neighborhoods and imposed strict regulations on those operating in other areas2 4.
However, these ordinances are currently under a temporary injunction filed in December 2023, preventing the city from enforcing the new rules2 3.
The Texas 5th District Court of Appeals is currently deciding whether Dallas can prohibit STRs in single-family neighborhoods3. As of the latest information available, no ruling has been made on this matter5.
While the injunction is in place, STRs are operating legally within Dallas neighborhoods, including in single-family zoned areas2.
The city is still enforcing existing ordinances on property standards and disturbances1, but the specific STR regulations passed in 2023 are not being implemented due to the ongoing legal battle.
Some council members, like Chad West, have suggested revisiting the STR ordinance, arguing that it's "not working" and potentially causing the city to miss out on significant tax revenue2 6.

In summary, while Dallas has passed laws regarding non-owner occupied STRs, these are not currently being enforced due to legal challenges. The situation remains in flux, with potential for changes depending on court rulings and further council actions.