	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£5,640	£5,725	£5,810	£5,956	£6,105	£29,235
Total Expenses	£6,425	£6,483	£6,533	£6,589	£6,647	£32,678
Profit Before Tax	£-785	£-759	£-723	£-634	£-542	£-3,442
Profit After Tax	£-785	£-759	£-723	£-634	£-542	£-3,442
Change In Property Value	£1,200	£3,636	£4,993	£5,842	£4,749	£20,420
Net Return	£415	£2,877	£4,271	£5,209	£4,206	£16,978
Return From Rental Income (%)	-2%	-2%	-2%	-2%	-1%	-9%
Total Net Return (%)	1%	8%	12%	14%	11%	46%