I ran the math on your 109K note @ 9% over 5 years and found that selling it at 92K would provide a 14.38% annual yield to the buyer. 

@David Faulkner is on the right track, but at this FMR, I would expect tons of amenities, lots of cultural activities near-by and an ocean view.I see the seller is speculating / fishing just to get out of the property.

We see this on the other side with 315/Olentangy River causing a dramatic culture difference in more suburban living in Grandview vs more walkable and urban short north.

KW has this great camaraderie and a culture that a lot of people love.  

I think there is a culture there that is more geared to an AirBnb mindset (just a hunch). 

For investors, this means more opportunities in the tourism and hospitality sectors, as the demand for unique, authentic experiences continues to grow.Healthcare and Cultural AttractionsLet’s not forget about healthcare—another pillar of the local economy.

I'm trying to learn here, too, hope you dont mind--if i ran the numbers correctly, (straighten me out if im wrong) your net $300-$400 before the mortgage payments?  

I ran into a few issues.

Towns with household-name universities always seem to have strong culture and good businesses.

People laughed at me at an REI meeting when I said I ran it buy my attorney.