COTTAGE GROVE, MN 55016

Sells for (ARV)From the listing

$476,000

Asking price

−$390,000

RepairsMiddle of the seller’s $20,000 – $80,000. Ours: $26,500 – $54,500

−$50,000

Loan, holding, closing20% down, 12% interest, 2 points, 80 days

−$40,426

Profit−0.9% of ARV · flippers want 10%+

−$4,426

Loses money

Works for a flipper at $341,000 or less.