	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,120	£3,182	£3,246	£3,327	£3,410	£16,286
Total Expenses	£4,243	£4,299	£4,346	£4,396	£4,447	£21,730
Profit Before Tax	£-1,123	£-1,116	£-1,100	£-1,069	£-1,037	£-5,444
Profit After Tax	£-1,123	£-1,116	£-1,100	£-1,069	£-1,037	£-5,444
Change In Property Value	£1,800	£3,090	£3,893	£4,127	£3,646	£16,556
Net Return	£678	£1,974	£2,793	£3,058	£2,609	£11,112
Return From Rental Income (%)	-5%	-5%	-5%	-5%	-5%	-26%
Total Net Return (%)	3%	9%	13%	15%	13%	53%