	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£8,352	£8,477	£8,604	£8,820	£9,040	£43,293
Total Expenses	£8,947	£9,009	£9,063	£9,126	£9,191	£45,337
Profit Before Tax	£-595	£-532	£-459	£-307	£-151	£-2,044
Profit After Tax	£-595	£-532	£-459	£-307	£-151	£-2,044
Change In Property Value	£2	£3,799	£6,781	£9,024	£6,287	£25,893
Net Return	£-593	£3,267	£6,323	£8,717	£6,136	£23,849
Return From Rental Income (%)	-1%	-1%	-1%	-1%	0%	-4%
Total Net Return (%)	-1%	6%	11%	15%	11%	41%