	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,828	£3,905	£3,983	£4,082	£4,184	£19,982
Total Expenses	£4,796	£4,854	£4,902	£4,954	£5,007	£24,513
Profit Before Tax	£-968	£-949	£-920	£-872	£-823	£-4,531
Profit After Tax	£-968	£-949	£-920	£-872	£-823	£-4,531
Change In Property Value	£2,250	£3,863	£4,867	£5,159	£4,557	£20,695
Net Return	£1,282	£2,913	£3,947	£4,287	£3,734	£16,164
Return From Rental Income (%)	-4%	-4%	-4%	-3%	-3%	-18%
Total Net Return (%)	5%	11%	15%	17%	15%	63%