	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£8,136	£8,299	£8,465	£8,676	£8,893	£42,469
Total Expenses	£8,766	£8,832	£8,890	£8,953	£9,017	£44,458
Profit Before Tax	£-630	£-534	£-425	£-277	£-124	£-1,989
Profit After Tax	£-630	£-534	£-425	£-277	£-124	£-1,989
Change In Property Value	£5,550	£9,528	£12,005	£12,725	£11,240	£51,047
Net Return	£4,920	£8,994	£11,579	£12,448	£11,116	£49,058
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	8%	14%	18%	20%	18%	78%