Great price. I bet it has a fried stator and/or R/R.
Check the electrical section for the how-tos on diagnosing it. For $200 that is a steal, and you can definitely get the electrical sorted out fairly cheaply.
1986 Kawasaki Vulcan 750
NGK Iridium Plugs #7803/DPR7EIX-9
Duralast Gold ETX15 AGM Battery
Coastered & Shaved
Metzeler ME880 [110/90-19, 170/80-15]
Balance Dampers Replaced
Rebuilt Forks w/ Progressive Springs
VN750.com Grill Cover
Emgo 23-92411 Handlebars
MOSFET FH012AA R/R
1990 Kawasaki Vulcan 750
1998 Honda VFR800 FI
2014 Honda VFR800F
1989 Pontiac Firebird Formula 350