Thanks for the help guys! I moved in and transported my bike without any problems.
The bike works like I'd expect from a $50 bike... it rides, but doesn't do anything other than that. it was hard to see from the picture, but the gear shifter was broken and the wheels were in terrible condition with no caps on them. (Which I already replaced.)

The exterior is also much worse than how it looks on the picture, but that's a good thing because I don't want it stolen.

For security I just bought a U-Lock for minimal protection. I figure if the thief wants that bike bad enough to cut the U-Lock, he can have it.