GAS WELL EARNS MONEY

This home is not only a spectacular place to live, but can save you hundreds of thousands of dollars. . The approximate total combined savings and royalties, later referred to as gas savings, with this gas well are $4570/year or $380/month See current gas prices for North Ohio here.

Reinvest the savings that you would have spent on gas and add the $700/year royalty and your portfolio can be well over $300,000 in 30 years. This assumes an interest rate of 4%, and full use of your free gas.

Contact us for a spreadsheet for full details and assumptions.

Other things you can do with the gas savings *

• Compare buying this home to one that costs $63,000 less!
  Assume the gas savings at $380/month. Each $1000 financed at 6% adds $6 / month to payoff a 30 year mortgage.
  So 380/6*1000 = $63,000 approximate mortgage offset.
• Use the $4570/year gas savings to enjoy a 2 week trip for 2 to Hawaii every year
• Use the gas savings to pay your property taxes and home insurance each year
• Reinvest your gas savings for 6 years for about $31,000 to buy a new car
• Reinvest your gas savings over 4 years to buy a solar system to then have mostly free electricity.
• Reinvest your gas savings over 10 years to accumulate about $59,000 pretax dollars for home renovations

* Disclaimer: Cost reductions and savings based on the storage gas well can vary due to the price of gas, your income tax bracket, current interest rates, and possibly other factors. We can supply a spreadsheet that shows the assumptions and resulting savings. The gas well guarantees 250 MCF gas per year for free and royalties of $750. As of May 2008, the gas prices is $14.57/MCF. Excess usage would be billed at the current rate.