	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£4,296	£4,382	£4,470	£4,581	£4,696	£22,425
Total Expenses	£4,811	£4,869	£4,919	£4,972	£5,026	£24,597
Profit Before Tax	£-515	£-487	£-449	£-391	£-330	£-2,172
Profit After Tax	£-515	£-487	£-449	£-391	£-330	£-2,172
Change In Property Value	£2,220	£3,811	£4,802	£5,090	£4,496	£20,419
Net Return	£1,705	£3,324	£4,353	£4,699	£4,166	£18,247
Return From Rental Income (%)	-2%	-2%	-2%	-2%	-1%	-9%
Total Net Return (%)	7%	13%	17%	18%	16%	72%