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10 cheap homes for sale by Uncle Sam

Flint, Michigan
Flint, Michigan
Area rental vacancy rate: 13.5%
Area home price drop since peak: 36.5%
Home sale price: $39,900 or an estimated payment of $235/month
Features: Three bedroom, one bathroom single-famly home built in 1930 spanning 1,840 square feet


NIn-Hai Tseng @FortuneMagazine - Last updated December 12 2011: 3:40 PM ET
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