1268 BACKBONE WAY
About This Property
This nearly brand-new Ryan Home-built in 2025 and purchased just this past March-shows like a model and features over $60,000 in premium upgrades. Barely lived in, it's an exceptional opportunity to own a pristine, like-new home without waiting for new construction.
Step inside to find luxury vinyl plank flooring, an open-concept layout, and a seamless flow between the spacious living room with a cozy fireplace, the gourmet kitchen with a large island, and the elegant dining area-perfect for everyday living and effortless entertaining.
Upstairs, you'll find four generous bedrooms, including a luxurious primary suite with a spa-inspired bathroom, double vanities, and a walk-in closet.
The finished walk-out lower level offers incredible flexibility with a large recreation room, a fifth bedroom, and a full bath-ideal for guests, a home office, or a private retreat.
Enjoy outdoor living on the covered deck off the kitchen, or step out to the beautiful backyard from the lower level. A two-car garage and extended driveway provide ample parking.
Perfectly located in Frederick's desirable Sycamore Ridge community, this home combines modern design, luxury finishes, and move-in-ready convenience.
✨ Why wait for new construction when you can have this one now?
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 30, 2026 | Sold | ||
| Sold | |||
| Apr 7, 2026 | In contract | - | |
| In contract | |||
| Mar 24, 2026 | Price Decreased |
$635,000
↓ $15K
(2.3%) | |
| Price Decreased | |||
| Feb 12, 2026 | Price Decreased |
$650,000
↓ $25K
(3.7%) | |
| Price Decreased | |||
| Nov 7, 2025 | Listed by EXP Realty, LLC | $675,000 | |
| Listed by EXP Realty, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017