Assistance analyzing first deal

[Michele Armstrong]

Hello All, I'm new to the Bigger Pockets group.  I’m working on analyzing my first investment property deal and could use an extra set of opinions!  

This is a 1 bd 1.5 bath top floor condo in decent condition. It needs light cosmetic updating, but good bones.

Asking: $130k Offer: $125k

Current monthly rent $1250  with updating, could be up to $1550

HOA: $367

I ran the numbers on the calculator and shows a positive cash flow of $250 per month.

Is this condo a good first investment or do I look for a multifamily unit as a better cash flow and investment?

Thanks for any feedback!