	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,516	£3,569	£3,622	£3,713	£3,806	£18,225
Total Expenses	£4,391	£4,409	£4,424	£4,444	£4,464	£22,131
Profit Before Tax	£-875	£-840	£-802	£-731	£-658	£-3,906
Profit After Tax	£-875	£-840	£-802	£-731	£-658	£-3,906
Change In Property Value	£3,850	£6,262	£7,207	£7,639	£6,748	£31,705
Net Return	£2,975	£5,422	£6,405	£6,908	£6,090	£27,800
Return From Rental Income (%)	-3%	-2%	-2%	-2%	-2%	-11%
Total Net Return (%)	9%	16%	19%	20%	18%	82%