	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£6,900	£7,038	£7,179	£7,358	£7,542	£36,017
Total Expenses	£7,516	£7,580	£7,635	£7,695	£7,756	£38,182
Profit Before Tax	£-616	£-542	£-456	£-337	£-214	£-2,165
Profit After Tax	£-616	£-542	£-456	£-337	£-214	£-2,165
Change In Property Value	£4,500	£7,725	£9,734	£10,318	£9,114	£41,390
Net Return	£3,884	£7,183	£9,277	£9,981	£8,900	£39,225
Return From Rental Income (%)	-1%	-1%	-1%	-1%	0%	-4%
Total Net Return (%)	8%	14%	18%	20%	18%	78%