One 3-bedroom / 2-bath single-family house, 1,438 reported living SF on a 7,450 SF lot, asking $300,000. This is an unapproved short sale subject to lender approval and sold as-is. The low entry price warrants a renovation-and-resale review; no current rent or verified profit is supplied.
Recorded status: Broker page reported active; recheck availability. Checked: .
Dated listing record · recheck availability and legal unit count.
Est. gross yield at asking
12.5%
Estimate · rent potential ÷ asking price
Asking price
$300,000
Rent potential · Estimate: $3,127/moBroad HUD benchmark, not property-specific market rent or current collections.
Estimated annual NOI
$16,679
Before debt and capital reserves
Estimated cap rate
5.6%
Modeled NOI ÷ purchase price
Est. cash flow / mo
$1,296
All cash · after reserves
Unit mix & possession
One single-family house, not a duplex or development package. Occupancy, possession and legal room configuration await confirmation.
Reported units
1
Reported listing area
1,438 sq ft
Reported year built
1939
Asking / reported sq ft
$209
Reported 2025 tax / year
$7,574
Historical tax is the seller’s bill; buyer taxes can change.
SIEARN TAKE
Why we’re tracking it
The $300,000 ask is about $209 per reported living SF on a 7,450 SF lot. That is a low entry point for rehabilitation research, but lender approval and total project costs determine whether it is a deal.
LISTING AGENT’S DESCRIPTION · SUMMARY
One single-family house, not a duplex or development package. Occupancy, possession and legal room configuration await confirmation.
The agent describes a 3-bedroom / 2-bath house on a spacious lot, sold as-is as a short sale subject to lender approval. No current rental income or repair budget is given.
Lender approval, exact-property gallery identity, current condition, permitted layout, occupancy and possession are unreviewed.
Short sale · price and rehabilitation need approval
Confirm lender approval process, lien payoffs, occupancy and possession terms.
Unapproved short sale: $300,000 is an asking price, not a lender-approved payoff or guaranteed purchase price.
Source gallery conflict: the exterior carries a visible 1555 house number rather than 5830. Photography is withheld pending exact-property confirmation; do not infer condition from these images.
A 1939 frame/stucco house needs structural, roof, electrical, termite and permit inspections; renovation and insurance costs are unknown.
The $7,574 is broker-reported 2025 historical tax, not a buyer tax quote. No rent, NOI, rehabilitation budget or resale value has been verified.
Source evidence and diligence
Financial figures observed Oct 18, 2026. Reported income is not audited collections. Editable estimates, financing and saved assumptions are separate from these source facts.
Gross rental yield basis
Displayed whole-property scheduled rent × 12 divided by source asking price, not your saved offer. HUD-based planning rent: FY2027 HUD FMR for Miami-Miami Beach-Kendall, FL HUD Metro FMR Area (METRO33100MM5000), effective October 1, 2026. Documented bedrooms per offered unit: 3. Published gross housing benchmark $3,277/month includes major utilities, excluding phone, cable/satellite TV and internet. Subtract $150/month ($150/unit) for assumed tenant-paid electricity; remaining owner-paid services use the separate displayed utility budget. This electricity amount is editable budgeting policy, not a verified allowance or conservative bound. Replace scheduled rent and utility inputs with leases, payer terms and local bills. The adjusted $3,127/month is a full-occupancy scenario, not a rental appraisal, lease offer, subsidy payment standard or eligibility decision. Full-occupancy potential before vacancy, operating costs, financing and income tax; not current collections, cap rate or cash return.
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