	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£7,200	£7,344	£7,491	£7,678	£7,870	£37,583
Total Expenses	£7,868	£7,932	£7,988	£8,049	£8,110	£39,948
Profit Before Tax	£-668	£-588	£-497	£-370	£-240	£-2,364
Profit After Tax	£-668	£-588	£-497	£-370	£-240	£-2,364
Change In Property Value	£4,800	£8,240	£10,382	£11,005	£9,721	£44,149
Net Return	£4,132	£7,652	£9,885	£10,635	£9,481	£41,785
Return From Rental Income (%)	-1%	-1%	-1%	-1%	0%	-4%
Total Net Return (%)	8%	14%	18%	20%	18%	77%