ActiveResidential · sale

5008 South Rainbow Boulevard 108

Las Vegas, NV 89118

$225,000

  • 1 beds
  • 1 baths
  • 907 sq ft
  • 10531 acres
  • Built 1987

Listed by Simply Vegas · MLS #2816164

5008 South Rainbow Boulevard 108, Las Vegas, NV 89118 — photo 1 View full photo
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5008 South Rainbow Boulevard 108, Las Vegas, NV 89118 · MLS #2816164

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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1987.

Property size

10,531 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

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LOCATION, LOCATION, LOCATION! Beautifully renovated 1-bedroom, 1-bathroom condo ideally situated in the gated Viscaya community, directly across from the prestigious Spanish Trail community. This desirable corner unit offers two private balconies and a stylish, move-in-ready interior featuring waterproof luxury vinyl plank flooring throughout, upgraded 5.5-inch baseboards, new blinds, recessed lighting, and modern finishes. The updated kitchen showcases refinished cabinetry with new hardware, Calacatta-style countertops, stainless steel appliances, and updated sink and fixtures. The bathroom has been completely refreshed with new tile, countertops, sink, fixtures, and lighting. A beautifully updated fireplace creates a standout focal point in the living area, while the two balconies provide additional outdoor living space. Enjoy resort-style community amenities including multiple pools and spas, a fitness center, tennis courts, and gated access. Conveniently located near shopping, dining, entertainment, and everything Las Vegas has to offer. A beautifully renovated condo in a prime location that is truly move-in ready!
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THE NEIGHBORHOOD

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5008 South Rainbow Boulevard 108, Las Vegas, NV 89118

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LOCAL MARKET CONTEXT

Las Vegas housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$444,471Up 0.2% vs. the previous 12 months
Months of supply4.312-month average
Days on market4712-month weighted average

Latest available data: August 2026. Research by ERA Brokers Consolidated.

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These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1987
Full baths
1
Half baths
0
Garage spaces
0
Cooling
High Efficiency HVAC
Heating
High Efficiency HVAC
Flooring
Luxury Vinyl Plank
Utilities
Underground Utilities
Exterior
Balcony
Fencing
No Fence
Subdivision
Trails Amd
Zoning
Multi-Family
Parcel
163-26-110-748
HOA
Viscaya
HOA amenities
BBQ Area,Business Center,CC&RS,Clubhouse,COMMUNITY Facilities,COMMUNITY Pool,COMMUNITY Spa,Exercise Room,Fitness Center,Gated,Guest Parking,Not Age Restricted,Pool,Security,Tennis Courts
Elementary school
Earl, Marion B.
Middle school
Sawyer Grant
High school
Durango
Annual property tax
$849.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase$613.21
Estimated monthly rent$937.50
Cap rate3.52%

Annual operating income: $7,921.00

HOA: An HOA is identified, but the listing source does not provide a usable fee. HOA costs are not included in this estimate. Choose a monthly amount under Adjust assumptions.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

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  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

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Stone-front home with a landscaped lawn and central entry
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Listing information

MLS #2816164 · Las Vegas Realtors

Listing brokerage: Simply Vegas
Listing agent: Rocio Cardona

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The data relating to real estate for sale on this website comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. GLVAR deems information reliable but not guaranteed. Copyright © 2023 of the Greater Las Vegas Association of REALTORS® MLS. All Rights Reserved.