	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,132	£3,179	£3,227	£3,307	£3,390	£16,235
Total Expenses	£3,920	£3,975	£4,021	£4,071	£4,122	£20,109
Profit Before Tax	£-788	£-796	£-794	£-763	£-732	£-3,874
Profit After Tax	£-788	£-796	£-794	£-763	£-732	£-3,874
Change In Property Value	£1,249	£2,304	£2,943	£3,387	£2,393	£12,275
Net Return	£460	£1,508	£2,149	£2,623	£1,662	£8,402
Return From Rental Income (%)	-5%	-5%	-5%	-5%	-5%	-24%
Total Net Return (%)	3%	9%	13%	16%	10%	53%