	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£7,200	£7,308	£7,418	£7,603	£7,793	£37,322
Total Expenses	£8,512	£8,572	£8,624	£8,685	£8,746	£43,139
Profit Before Tax	£-1,312	£-1,264	£-1,207	£-1,082	£-953	£-5,817
Profit After Tax	£-1,312	£-1,264	£-1,207	£-1,082	£-953	£-5,817
Change In Property Value	£1,800	£5,454	£7,490	£8,763	£7,123	£30,630
Net Return	£489	£4,190	£6,284	£7,682	£6,170	£24,813
Return From Rental Income (%)	-2%	-2%	-2%	-2%	-2%	-11%
Total Net Return (%)	1%	8%	11%	14%	11%	45%