	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£6,828	£6,965	£7,104	£7,281	£7,463	£35,641
Total Expenses	£7,795	£7,859	£7,914	£7,973	£8,034	£39,575
Profit Before Tax	£-967	£-894	£-810	£-692	£-571	£-3,933
Profit After Tax	£-967	£-894	£-810	£-692	£-571	£-3,933
Change In Property Value	£4,767	£8,183	£10,310	£10,929	£9,654	£43,842
Net Return	£3,800	£7,289	£9,500	£10,237	£9,083	£39,909
Return From Rental Income (%)	-2%	-2%	-2%	-1%	-1%	-7%
Total Net Return (%)	7%	14%	18%	19%	17%	74%