Buy single-family home in cash or finance a multi-family property

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Hello everybody! Can anyone help me decide what would be a better option financially in the current market / with current interest rates. I have around 500k cash and would like to buy an investment property in South Florida area. I could buy a 3/2 SFH for cash or a multi-family (2lex, 4lex) for up to 1 Mio. and get it financed. The rate of return would be similar in both cases, but not quite sure if it is worth getting a multi-family and pay so much in interest (ca. 8%). Thank you so much in advance!

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Depends on how much work you would like to do. For 500k you can get into 10 real estate syndication projects at 50k a pop that give returns anywhere from 10-15% IRR yearly without you having to do any work besides vetting the sponsor/deal.

on the other end of the spectrum you could flip houses or buy a value add apartment building. It all depends on the headaches you are willing to deal with!