A big advantage of a SFR over a townhouse is the HOA. 

A LOT OF THINGS SURVIVE FORECLOSURE: If you are buying a Condo then past due HOA fees will still be due and those can be substantial.

Like you know, LTs have a good amount of HOA.

My HOA notified me via email of a paint color violation that is going to put me in financial jeopardy to correct. 

A variable or two outside of your range can throw the whole model out of whack or you can have the surprise that a more expensive property with a lower rent cashflows better just because the tax rate is smaller and it doesn’t have an HOA.

Deal:1 bed, 2 bath, 698sfPrice: $375,000Rent: $1,650-$1,750/moProperty Tax Est: $166/moHome Insurance: $131/moManagement Fees (No HOA): $75/moGoal: Long term hold, rental property.

HOA- responsibilities

But, are there any studies or data anyone can point me to about HOAs and property value? 

Are the HOA fees super high?

And you’ll need to budget for monthly HOA dues as well.