Rental opportunity of a double wide near a university, thoughts?

[Matthew Purvis]

I am looking to purchase a newly remodeled 2bed 2bath double wide with high end finishes. The purchase price is $120k. I wanted to get some feed back on the rental possibility. I know the area really well and know single family homes in the area are renting for $1500-$2200 for a 2bed 2bath. The double wide is less then a mile from a major highway. 3 miles from a major university. I have family and friends that live close and I travel to the area yearly. So operating cost will be fairly low.

I have no clue what a double wide could rent for and if this would be a good investment for passive income.

Any thoughts?

Thank you,

Matt