Hyperinflation? Would you buy?

[MELANIE FELICIANO]

Hi! I own 4 STR's and am looking to expand my portfolio. I'm looking for opinions on my next purchase.

We purchased a condo for $540K 09/2018 which is currently giving us a CoC return of about 40%. A similar condo in the same complex is now going for $940K. The last condo sold for $937K but previous to that similar condos were going for high $500's. We would need to put 30% down for this condo, but it would still give us a CoC return of about 15-20%. Would you bite or look elsewhere for a higher return?

TIA.