Is this a good deal if I'm optimizing for cash flow?

[Yooka Ellis]

Hi All! This is my first post on BiggerPockets and my first potential real estate purchase. What do you think about this deal if I'm optimizing for cash flow and long term appreciation? 

Property: 2/2 condo unit, 1150 SQFT

Location: Orlando, FL, 5 minutes from Universal Studios, 15 minutes from Disney World

Estimated Rent: $1300, monthly profit $761/month (including insurance, HOA, property management fees, taxes, and estimated repairs.

Cash on Cash Return: 6.5%

Historical appreciation: 7%~9% annually 

A few notes about my specific situation; 

I don't have the capital to buy a single family home with all cash in Orlando. I'm optimizing for cash flow as opposed to a percentage rate of return. I'd like to avoid debt if possible. The HOA is in good health, no pending litigation, and the unit itself will require $3K or less in repairs to achieve the estimated rent.

Any thoughts from seasoned investors here?