	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,636	£3,691	£3,746	£3,840	£3,936	£18,848
Total Expenses	£4,616	£4,671	£4,718	£4,769	£4,821	£23,595
Profit Before Tax	£-980	£-981	£-972	£-929	£-886	£-4,748
Profit After Tax	£-980	£-981	£-972	£-929	£-886	£-4,748
Change In Property Value	£700	£2,121	£2,913	£3,408	£2,770	£11,912
Net Return	£-280	£1,140	£1,941	£2,479	£1,884	£7,164
Return From Rental Income (%)	-4%	-4%	-4%	-4%	-4%	-22%
Total Net Return (%)	-1%	5%	9%	11%	9%	33%