Update: I left out the fee Zillow charges when they purchase the house, so their loss as not as bad as I initially thought (although I left out some expenses too). Here is an example flop from Zillow. This home is at 271 Capella Ave in La Habra California. It is list by Active Realty (that seems to be associated with Zillow). This is a single story home in a decent area (California prices are always crazy compared to most of the US).