ActiveResidential · sale

5066 South Rainbow Boulevard 205

Las Vegas, NV 89118

$199,999

  • 2 beds
  • 1 baths
  • 949 sq ft
  • 949 acres
  • Built 1987

Listed by Raintree Real Estate · MLS #2807040

Property photos are not available.

A FEW THINGS TO NOTICE

What stands out.

Living spaces

The inviting living room features a cozy fireplace and front balcony, while the primary bedroom offers a generous walk-in closet and access to the second private balcony.

Details worth a look

The second bedroom also provides direct access to the balcony—perfect for enjoying fresh air and a quiet, relaxing outdoor space.

Year built

Built in 1987.

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

THE PROPERTY

Get to know the property.

MOTIVATED SELLER + CLOSING COST ASSISTANCE & HOA includes Water, Trash, and Sewer! HOA replaced the roof in 2023 ( HUGE SAVINGS!) Don’t miss out on this beautiful MOVE-IN ready upgraded second-floor condo in the desirable Spring Valley area of Las Vegas! Located in a gated community just minutes away from both highway 215 and I-15, this spacious home offers convenience, comfort, and resort-style living. The inviting living room features a cozy fireplace and front balcony, while the primary bedroom offers a generous walk-in closet and access to the second private balcony. The second bedroom also provides direct access to the balcony—perfect for enjoying fresh air and a quiet, relaxing outdoor space. This condo has been meticulously maintained and all appliances are included, which helps make MOVE-IN a stress free process.

Enjoy incredible Savings with HOA value! Resort-style amenities include a community pool and tennis court just steps from the building, multiple additional pools, BBQ areas, a fitness center, private parking, and plenty of guest parking. Conveniently located near schools, shopping, dining, entertainment, and major freeways.

With a motivated seller and closing cost assistance available, this opportunity won’t last long! Schedule your private showing today—this one deserves your immediate attention!
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THE NEIGHBORHOOD

Explore the location.

5066 South Rainbow Boulevard 205, Las Vegas, NV 89118

Map coordinates are not available for this property.

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
Central
Heating
Central,Programmable Thermostat
Flooring
Manmade wood or Laminate
Utilities
Cable Wired
Exterior
Balcony
Fencing
No Fence
Subdivision
Trails Amd
Zoning
Single Family
Parcel
163-26-110-661
HOA
Viscaya at the Trail
HOA amenities
BBQ Area,CC&RS,Clubhouse,COMMUNITY Facilities,COMMUNITY Pool,Exercise Room,Gated,Guest Parking,Pool,Tennis Courts
Elementary school
Earl, Marion B.
Middle school
Sawyer Grant
High school
Durango
Annual property tax
$873.00

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—
Estimated monthly rent$833.33
Cap rate—

Annual operating income: —

Have ERA review this rental estimate

Your property and current assumptions will be included for our team to review.

Adjust assumptions
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

See its potential.
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.

    Review rental pricing, property condition and your ownership goals with a local professional.

  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.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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5066 South Rainbow Boulevard 205, Las Vegas, NV 89118 · MLS #2807040

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Property inquiries go to help@erabrokers.com.

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Listing information

MLS #2807040 · Las Vegas Realtors

Listing brokerage: Raintree Real Estate
Listing agent: Osceola S. Brunson

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

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