Is this condo unit a good deal?

[Ava G.]

I'm using the SFH Rental Analysis form (downloaded from this forum) and run the numbers on a pre-selling condo unit property we're eyeing on. (It's not in the US.)

The numbers are not in dollars but the cash flow is positive although not really huge (cash ROI is 5.96% and total ROI is 16.65%), unless we will rent out the unit higher than 1% of its Market Value (which is also possible).

I like the condo unit so much due to its location. IMHO, its location is unrivaled since it sits just beside an iconic national park, thus, the view won't likely be obstructed by another building. Setting aside the view, the building has a prime location in itself. It's within one of our country's major business districts and is a walking distance from offices, huge malls, international schools, shopping areas. That business district is just a few minutes away from our country's major business district.

Although the cash flow isn't that fantastic (since it's on the high mid-range market and HOA fees are not very cheap) we're quite positive of its appreciation value due to the uniqueness of its location alone.

What do you guys think?