	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,156	£3,219	£3,284	£3,366	£3,450	£16,474
Total Expenses	£3,442	£3,498	£3,545	£3,596	£3,647	£17,727
Profit Before Tax	£-286	£-279	£-262	£-230	£-197	£-1,253
Profit After Tax	£-286	£-279	£-262	£-230	£-197	£-1,253
Change In Property Value	£1,050	£1,803	£2,271	£2,407	£2,127	£9,658
Net Return	£764	£1,524	£2,009	£2,177	£1,930	£8,404
Return From Rental Income (%)	-2%	-2%	-2%	-2%	-2%	-10%
Total Net Return (%)	6%	12%	16%	17%	15%	67%