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The 1987 Mazda 323 range of configurations is currently priced from $1,380.
The 1987 Mazda 323 carries a braked towing capacity of up to 650 Kg, but check to ensure this applies to the configuration you're considering.
Based on your description it’s only worth what a scrap merchant might give you. If you really want to try and sell it ask $500 and you might get $200.
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The Mazda 323 1987 prices range from $1,380 for the basic trim level Hatchback Deluxe to $4,070 for the top of the range Hatchback Turbo 4WD.