	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£7,980	£8,100	£8,221	£8,427	£8,637	£41,365
Total Expenses	£8,910	£8,972	£9,025	£9,087	£9,151	£45,144
Profit Before Tax	£-930	£-872	£-804	£-660	£-513	£-3,779
Profit After Tax	£-930	£-872	£-804	£-660	£-513	£-3,779
Change In Property Value	£1,900	£5,755	£7,904	£9,248	£7,516	£32,324
Net Return	£970	£4,884	£7,101	£8,587	£7,003	£28,545
Return From Rental Income (%)	-2%	-2%	-1%	-1%	-1%	-7%
Total Net Return (%)	2%	8%	12%	15%	12%	49%