	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£6,120	£6,212	£6,305	£6,463	£6,624	£31,724
Total Expenses	£6,473	£6,532	£6,582	£6,640	£6,699	£32,927
Profit Before Tax	£-353	£-320	£-278	£-177	£-75	£-1,203
Profit After Tax	£-353	£-320	£-278	£-177	£-75	£-1,203
Change In Property Value	£3,000	£5,535	£7,069	£8,136	£5,750	£29,490
Net Return	£2,647	£5,215	£6,792	£7,959	£5,675	£28,287
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	7%	14%	18%	22%	15%	76%