	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,204	£3,268	£3,333	£3,417	£3,502	£16,725
Total Expenses	£3,929	£3,986	£4,033	£4,083	£4,134	£20,166
Profit Before Tax	£-725	£-717	£-700	£-666	£-632	£-3,441
Profit After Tax	£-725	£-717	£-700	£-666	£-632	£-3,441
Change In Property Value	£1,500	£2,575	£3,245	£3,439	£3,038	£13,797
Net Return	£775	£1,858	£2,545	£2,773	£2,406	£10,356
Return From Rental Income (%)	-5%	-4%	-4%	-4%	-4%	-22%
Total Net Return (%)	5%	12%	16%	17%	15%	65%