Sold
$179,000
3 beds · 2 baths · 1,197 sqft
118 Melody Lane, Rome, GA 30165
Great deal
Priced about $27,541 (13%) below comparable homes. Estimated market value $206,541, based on 4 comparable homes nearby.
Estimate from Veribas listing comps — a guide, not an appraisal.
About this home
This 3-bedroom, 2-bath condo offers proven rental performance and immediate cash flow, now featuring a brand new roof—a major upgrade that adds long-term value and peace of mind. The property is currently leased and has maintained 100% occupancy since 2016 with a long-term tenant who is fully current on rent.
Additional features include a garage, driveway parking, and a…
PoolBasementGarage
Listing remarks courtesy of Realty One Group Edge · Sold by Realty One Group Edge.
· FMLS #7751720678-580-9022
$1,224/mo est.
with $17,900 down · $179,000 list price*
Buyer services · Veribas Real Estate LLC — not the listing broker unless noted above
Connect with a lender · no credit check*Estimate — 30-yr fixed at 6.75% APR with taxes & insurance. Not a loan offer.
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Video walkthrough
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Home details
3
Beds
2
Baths
1,197
Sqft
2006
Built
0.17 ac
Lot
Veribas Rental Valuation
If you rented it out · from nearby rentals
$1,675/morange $1,550 – $1,80011.2% gross yield
Based on 3 similar rentals within 10 mi (2 recently leased).
3 bd · 2 ba · 1,320 sqft · 3.7 mi away · leased$1,595/mo2 bd · 1 ba · 600 sqft · 4.8 mi away$1,025/mo5 bd · 3 ba · 2,109 sqft · 5.9 mi away · leased$2,100/mo
Automated estimate — actual rent depends on condition, terms, and season. Not a guarantee of rental income.
Home facts
Payment calculator
$1,276/mo
Principal & interest$1,045
Property taxes$179
Home insurance$52
Down payment$17,900 (10%)
Interest rate6.750%
Estimates only — taxes at 1.2%/yr and insurance at 0.35%/yr of price. Get exact terms from a lender via pre-qualification.
Value & price history
Estimated valueListed for salePending
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No surprises at closing
No junk fees — the numbers you agree to are the numbers you sign.
Schools
West EndElementary
RomeMiddle
RomeHigh
Location
37 for sale 16 pending 12 sold
Listed by
Realty One Group Edge · Sold by Realty One Group Edge
Source: FMLS · #7751720
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© 2026 Veribas Real Estate LLC · (833) 837-4227 · Georgia Broker Lic. H-81905 · Qualifying Broker: Ahsan Charania, GREC #417366. Veribas Real Estate LLC is a licensed Georgia real estate brokerage. We are not a lender or mortgage loan originator; all financing is provided by independent NMLS-licensed lenders, and payment figures on this site are estimates only. Listing information is deemed reliable but not guaranteed and should be independently verified. We are committed to the federal Fair Housing Act and the Equal Credit Opportunity Act.
