	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	£1	£2,400	£4,284	£5,701	£3,972	£16,358
Net Return	£-352	£2,080	£4,007	£5,523	£3,897	£15,155
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	-1%	6%	11%	15%	11%	41%