	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,756	£3,812	£3,870	£3,966	£4,065	£19,470
Total Expenses	£4,306	£4,362	£4,408	£4,460	£4,513	£22,049
Profit Before Tax	£-550	£-549	£-539	£-494	£-447	£-2,579
Profit After Tax	£-550	£-549	£-539	£-494	£-447	£-2,579
Change In Property Value	£1,500	£2,768	£3,535	£4,068	£2,875	£14,745
Net Return	£950	£2,218	£2,996	£3,574	£2,428	£12,166
Return From Rental Income (%)	-3%	-3%	-3%	-3%	-2%	-14%
Total Net Return (%)	5%	12%	16%	19%	13%	64%