How Much Would You Pay for This House?

[Mark S.]

2BR / 1BA house. 1,150 sq ft. 50 yrs old. Heating needs fixed. Plumbing (bathroom needs plumbing hooked up and basement has broken pipe) needs repair. Median rent is $550/month, but I think it'd be closer to $475/month. Area is not the greatest, but there are a lot of children living there, so it shouldn't be too bad (but I personally wouldn't live there). Location is pretty convenient (close to schools, downtown, etc.). Thanks in advance.