The first iteration of the Farida Jazz was supposed to be pretty good, but then they chased the cash and went to the cheapest supplier in China and the quality suffered end they then got elbowed out of the marked by Squier.
So, if you've got one of the first ones (Indonesian?) then you've got a decent bass to start with.
Now, I've got a MIM Precision and it is battered to hell but plays nice. I've also got one I build from parts which has a MIM neck which is very good indeed. They're not for sale but, based on my experience, you can get a good used MIM Fender well inside your budget.
There was someone selling a Tokai Hard Puncher somewhere; if you can get a vintage one of those, nobody will look down their noses at you.
Other options are: I'm just expecting to complete the sale of a Warwick 5-string Rock Bass and also a Sterling by Music Man 5-string SUB for less than your budget even without selling the Farida.
But overall, I'd be looking at a Fender.
However, beware that the Fender used market is a minefield, with individuals and companies selling counterfeits and "ubranding" their Squiers with waterslide decals.