Looks like the market is nearing the bottom for 1st generation 986s. Depending on condition and mileage you can get into a good car between $5k-$10k.
However, do your research as they are ticking time bombs: depending on model year (1997-2008) there is a 1%-8% chance that the IMS bearing will fail and take out the motor.
Other known issues are ignition switches, water pumps, air/oil separators, coolant reservoirs among others. If you can find a clean one that has the above work already done, you'll have a great bang for the buck, open top roadster. As 914 owners, we already sing the praises of mid-engine, two seater fun cars and these are no exception.
https://www.pca.org/news/2017-09-20/model-g...owered-roadster