Yeah, no. NOPE NOPE NOPE. There is no way this is correct. It's either being sold "AS IS," or that's the rent. AS IS homes are usually garbage on the inside, no plumbing, no electric, rotten inside with termite damage and has significant damage inside, period. It may look nice outside, but looking nice has nothing to do with it. Many homes look nice outside, but that in no way means they are livable at all.
Or again, could be the rent, but I don't think you saw what you think you saw. Homes for sale at this price usually cost thousands of dollars to renovate and get up to code.