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Owner Contacts

$509,237

NAL Estimated Property Value

2808 Gillingham Ln, McKinney, TX, 75071

Off Market

3 Beds

2 Bath

1,903 Sq Ft

$262.74 / sqft

Built in 2020

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

AppliancesDishwasher, Disposal, Electric Oven, Gas Range, Microwave, Vented Exhaust Fan

FlooringCarpet, Tile

Exterior

Exterior FeaturesRain Gutters, Private Yard

Lot Size6,229 sqft

Building Information

Year Built2020

Stories1

Garage Spaces2

Land Information

APNR-11580-00Z-0060-1

Lot Number6

SubdivisionAuburn Hills Phase 4 (Cmc)

Land UseResidential

Legal DescriptionAUBURN HILLS PHASE 4 (CMC), BLK Z, LOT 6

Census Tract030301

Assessed Land Value$140,000

Assessed Improvement Value$369,237

Assessment Year2025

About this property

Gorgeous, Better than New, 1 Story Home in Auburn Hills is the Perfect Balance of Style, Functionality & Location! Built in 2020, this Pulte Home is Located in Desirable Prosper ISD wOn-site Elementary. Light & Bright Wood Look Tile Thru-out the Common Areas & Kitchen wBreakfast Area, SS Appls, Gas Cktop & Vented Hood is Open to the Family Rm wGas Log Fireplace & Convenient Office Nook for Work-from-Home, Homework or Bar Area! Private Primary is Split from Secondary Bdrms & has an En-Suite Bath wDual Sinks, Framed Mirror, Soaking Tub, Separate Shower & Large Walk-in Closet. 2-Car Garage Opens into the Mud Room Area wBuilt in Bench & Storage Space & Leads to Separate Laundry Rm wPlenty of Room for a 2nd Fridge. Backyard wCovered Patio is Large Enough for a Pool + Play Space, or Enjoy the Auburn Hills Pool & Playground Nearby. Walking Distance to Prosper ISD’s Mike & Janie Reeves Elementary & Close Proximity to Major Highways, Baylor Scott Hospital, Restaurants, Entertainment & Shopping.

Investor Tools

$509,237

Estimated Property Value

$342,785Estimated Mortgage Balance

$166,452Estimated Equity

32% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,055 /month

Positive

Cash Flow Estimate:

$1,018 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,039/month

$158/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$9,924

$509,237

2025

$140,000

$369,237

$509,237

Tax History

Year

Tax Paid

Assessed Value

2024

$9,924

$509,237

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

United Wholesale Mortgage

Conventional

$350,000

First

Mar 10, 2025

Apr 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$342,785

$166,452

32%

67%

$2,099/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$3,520/mo

$2,257/mo

+$1,263/mo

8.3%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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