12315 S Main St

Somerville, TN 38068
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3 bd, 2 ba | 2,486 sqft | Built in 1847

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List Price
$299,900

Initial Investment

$81,723

Purchase Price

$299,900

Down Payment

25%

Rent

$1,960

Total Return

$159,224

Annualized Return

24.4%

Cap Rate

5.9%

Gross Yield

7.8%

Cash Flow

$463

Appreciation

8.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

17,515

HOA

None

Flood Risk

Not Required

Welcome to one of Sommerville’s most iconic homes—12315 S Main St, affectionately known as the “Mansion on the Hill.” This timeless Federal-style residence is one of the original homes built in Sommerville and showcases solid brick and cedar construction with distinctive turnbuckle accents that nod to its historical roots. Beautifully renovated in 2022, the home blends classic charm with modern updates. Inside, you'll find 3 spacious bedrooms and 2 full bathrooms, along with fireplaces in both the living room and primary bedroom, perfect for cozy evenings. Enjoy outdoor living with a screened-in patio, a covered front porch, and a cedar-fenced yard offering both beauty and privacy. The property also includes both a garage and a carport, providing ample parking and storage space. Don’t miss your chance to own a piece of Sommerville history—12315 S Main St is more than a home; it’s a landmark!

See more in Analysis
Pablo Pereyra
901 Realtor
TN Agent License #287154

Annual Financial Highlights

Expected Rent

$22,344

Expenses

-$3,977

Property Taxes

-$1,600

Loan Payments

-$16,304

Net Cash Flow

$463

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Anamika Jasani
Agent License 357587
Adams Realty, LLC
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10194293
Last Updated: 04/21/2025 16:04
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