I've taken a list of English words, and examined each of them to see what they sound like (using the PHP metaphone function). This page lists the most common metaphone codes, along with their words. You can also search for a word of your own, and see which words sound similar - and which ones rhyme, and which ones alliterate.
velds felids fields velites veloutes volts felts folds vaults voltes valets fluids faulds floods velleities valutas violets volutes fealties fellates valuates violates phylloids
elds melds welds fields chields yields bields velds gelds wields shields leuds celts wolds gleeds leads gelts lads caulds olds balds milds welts gilds sialids gleds childes kelts lids solids holds clods folds ballads allods halids wilds felts gledes glads wealds pelts dildos deleads melts golds moulds felids silds pleads clads builds tildes coleads faulds guilds bleeds naleds molds plods salads sleds daledhs delts teledus toledos bolds colds belts woalds
veld vealed veiled velate velleity veloute kvelled svelte