Dundalk Townhome Flip: $83K Profit in 3 Months

How We Sourced This Dundalk Deal

This 3-bedroom, 2-bath townhome at 1766 Melbourne Rd in Dundalk came to us through our direct-to-seller marketing campaigns. The owner was an out-of-state landlord ready to offload the property without the hassle of listing on the MLS. We locked it up at $137,000 -- well below the $250,000 after-repair value -- and immediately notified our cash buyer network.

Property Condition and Initial Numbers

Built in 1957, this 1,216 sqft townhome was structurally solid but cosmetically dated. The 20-year-old composite shingle roof showed no leaks, and the central air and heat were fully functional. The biggest needs were new carpet, fresh paint, updated fixtures, and light cosmetic touches in the partially finished basement. With systems already in place, the buyer faced minimal risk and a clear path to profit.

The Renovation

Our buyer kept the scope tight and efficient. New LVP flooring throughout replaced the worn carpet. A neutral paint palette modernized the interior. The kitchen received updated hardware and a new backsplash, while the bathrooms got fresh vanities and fixtures. The partially finished basement was cleaned up with new flooring and recessed lighting. Total renovation cost came in at $15,000 -- right on budget for a cosmetic scope.

The Outcome

The property listed at $249,900 and sold for $237,500 within 30 days of hitting the MLS. After accounting for the $137,000 purchase price, $15,000 in renovations, and approximately $15,000 in closing costs, the buyer netted roughly $70,500 in profit. The entire project from acquisition to closing took just three months.

Investor Takeaway

Dundalk continues to deliver strong returns for investors who focus on cosmetic-scope projects. With entry prices well below ARV and reliable comps in the $240K-$260K range, the spread is built in from day one. The key lesson here: when major systems are already handled, a disciplined cosmetic rehab can produce outsized returns relative to risk.