	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£8,388	£8,556	£8,727	£8,945	£9,169	£43,784
Total Expenses	£9,113	£9,180	£9,238	£9,301	£9,366	£46,198
Profit Before Tax	£-725	£-624	£-511	£-356	£-198	£-2,414
Profit After Tax	£-725	£-624	£-511	£-356	£-198	£-2,414
Change In Property Value	£5,850	£10,043	£12,654	£13,413	£11,848	£53,807
Net Return	£5,125	£9,419	£12,143	£13,056	£11,650	£51,393
Return From Rental Income (%)	-1%	-1%	-1%	-1%	0%	-4%
Total Net Return (%)	8%	14%	18%	20%	18%	77%