Condo vs Single Family home

[Yos W.]

Hi, I'm a new investor and still gathering info before getting my feet wet.
my goal is to generate a positive cashflow, while hoping that the property also increase in value (not a big jump, but at least on par with inflation).

from the get go,my mind was set on a single family home or a duplex.. until recently someone mention that a condo might be a better investment for greater positive cashflow.

With condo, there's a condo fee but the price will be lower, and I don't have to maintain any lawn or replace a roof..

I'm trying to figure out if Condo is the way to go.

here's my current analysis of a Single home vs Condo:

Single home: Price $160K, tax 3600, ins 700. 20% down at 4.25% interest. it can be rented out for 1500/month

Condo: Price $45K, tax 1800, ins 350. will buy in cash. can be rented 500-600/month.

I know that the condo won't appreciate in value.. but it will need less work/maintenance. what else am I missing here? any condo landlord willing to chip-in? all my friends are single home landlords, not condos.

with single home, the depreciation value will help for tax purposes and it should appreciate as well (albeit in slower pace depending on the area. my observation is a low 2% per year).

Thanks!