No Fico score renter =585 Fico more or less?

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How do you equate a potential renter with no fico with a low fico potential renter? 

For me anyone with a fico below 560 is probably a life long deadbeat, and anyone with no credit file, probably is also a dead beat, but they could have no credit for many reasons other than their lack of credit worthiness, so I assign 25 gamble points to the no credit renter and treat them as equivalent to a 585 fico. While underwriting considerations given to compensating factors may carry the day for you, I find raw numbers have their own value as well. How would you equate no fico, if you were to think about the fico value equation?