	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£7,260	£7,405	£7,553	£7,742	£7,936	£37,896
Total Expenses	£8,035	£8,099	£8,155	£8,216	£8,278	£40,783
Profit Before Tax	£-775	£-694	£-602	£-474	£-342	£-2,887
Profit After Tax	£-775	£-694	£-602	£-474	£-342	£-2,887
Change In Property Value	£4,950	£8,498	£10,707	£11,349	£10,025	£45,529
Net Return	£4,175	£7,803	£10,105	£10,875	£9,683	£42,642
Return From Rental Income (%)	-1%	-1%	-1%	-1%	-1%	-5%
Total Net Return (%)	7%	14%	18%	19%	17%	76%