	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£7,704	£7,858	£8,015	£8,216	£8,421	£40,214
Total Expenses	£8,401	£8,466	£8,523	£8,585	£8,648	£42,624
Profit Before Tax	£-697	£-608	£-508	£-369	£-227	£-2,410
Profit After Tax	£-697	£-608	£-508	£-369	£-227	£-2,410
Change In Property Value	£5,250	£9,013	£11,356	£12,037	£10,633	£48,288
Net Return	£4,553	£8,404	£10,848	£11,668	£10,406	£45,878
Return From Rental Income (%)	-1%	-1%	-1%	-1%	0%	-4%
Total Net Return (%)	8%	14%	18%	20%	18%	77%