	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£4,188	£4,272	£4,357	£4,466	£4,578	£21,861
Total Expenses	£4,961	£5,019	£5,069	£5,121	£5,175	£25,345
Profit Before Tax	£-773	£-747	£-711	£-655	£-597	£-3,484
Profit After Tax	£-773	£-747	£-711	£-655	£-597	£-3,484
Change In Property Value	£2,370	£4,069	£5,126	£5,434	£4,800	£21,799
Net Return	£1,597	£3,321	£4,415	£4,779	£4,203	£18,315
Return From Rental Income (%)	-3%	-3%	-3%	-2%	-2%	-13%
Total Net Return (%)	6%	12%	16%	18%	16%	68%