	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,972	£4,051	£4,132	£4,236	£4,342	£20,733
Total Expenses	£4,810	£4,868	£4,917	£4,970	£5,023	£24,588
Profit Before Tax	£-838	£-817	£-785	£-734	£-681	£-3,855
Profit After Tax	£-838	£-817	£-785	£-734	£-681	£-3,855
Change In Property Value	£2,250	£3,863	£4,867	£5,159	£4,557	£20,695
Net Return	£1,412	£3,046	£4,082	£4,425	£3,876	£16,840
Return From Rental Income (%)	-3%	-3%	-3%	-3%	-3%	-15%
Total Net Return (%)	5%	12%	16%	17%	15%	65%