	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,708	£3,782	£3,858	£3,954	£4,053	£19,355
Total Expenses	£4,623	£4,680	£4,729	£4,780	£4,833	£23,645
Profit Before Tax	£-915	£-898	£-871	£-826	£-780	£-4,290
Profit After Tax	£-915	£-898	£-871	£-826	£-780	£-4,290
Change In Property Value	£2,100	£3,605	£4,542	£4,814	£4,253	£19,314
Net Return	£1,185	£2,707	£3,671	£3,988	£3,473	£15,024
Return From Rental Income (%)	-4%	-4%	-4%	-3%	-3%	-18%
Total Net Return (%)	5%	11%	15%	17%	14%	62%