	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£6,900	£7,004	£7,109	£7,286	£7,468	£35,767
Total Expenses	£7,516	£7,577	£7,628	£7,688	£7,749	£38,157
Profit Before Tax	£-616	£-573	£-520	£-401	£-280	£-2,390
Profit After Tax	£-616	£-573	£-520	£-401	£-280	£-2,390
Change In Property Value	£2	£3,000	£5,355	£7,126	£4,964	£20,447
Net Return	£-615	£2,427	£4,836	£6,725	£4,684	£18,057
Return From Rental Income (%)	-1%	-1%	-1%	-1%	-1%	-5%
Total Net Return (%)	-1%	5%	11%	15%	10%	39%