	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£7,260	£7,369	£7,479	£7,666	£7,858	£37,633
Total Expenses	£8,035	£8,096	£8,148	£8,208	£8,270	£40,757
Profit Before Tax	£-775	£-727	£-668	£-542	£-412	£-3,124
Profit After Tax	£-775	£-727	£-668	£-542	£-412	£-3,124
Change In Property Value	£2	£3,300	£5,891	£7,839	£5,461	£22,492
Net Return	£-773	£2,573	£5,222	£7,297	£5,049	£19,368
Return From Rental Income (%)	-2%	-1%	-1%	-1%	-1%	-6%
Total Net Return (%)	-2%	5%	10%	14%	10%	38%