That's too much. You can almost buy a new one for that. Any bike 2001 and up would be a good bike, look for clean, low mileage, well maintained bikes only. If it has new tires on it, that's a plus, since many older bikes still have the original tires on it, and will be hardened and possibly dangerous. Ask about oil changes, look at chains, look for leaks especially the base gasket, rust in the tank. Stuff like that.