	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£7,308	£7,454	£7,603	£7,793	£7,988	£38,147
Total Expenses	£8,201	£8,265	£8,321	£8,382	£8,444	£41,613
Profit Before Tax	£-893	£-811	£-718	£-589	£-456	£-3,466
Profit After Tax	£-893	£-811	£-718	£-589	£-456	£-3,466
Change In Property Value	£5,100	£8,755	£11,031	£11,693	£10,329	£46,908
Net Return	£4,207	£7,944	£10,313	£11,105	£9,873	£43,443
Return From Rental Income (%)	-2%	-1%	-1%	-1%	-1%	-6%
Total Net Return (%)	7%	14%	18%	19%	17%	75%