	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£2,280	£2,314	£2,349	£2,408	£2,468	£11,819
Total Expenses	£3,193	£3,247	£3,291	£3,339	£3,388	£16,457
Profit Before Tax	£-913	£-932	£-942	£-931	£-920	£-4,639
Profit After Tax	£-913	£-932	£-942	£-931	£-920	£-4,639
Change In Property Value	£900	£1,700	£1,956	£2,073	£1,648	£8,277
Net Return	£-13	£767	£1,014	£1,142	£729	£3,638
Return From Rental Income (%)	-9%	-9%	-9%	-9%	-9%	-46%
Total Net Return (%)	0%	8%	10%	11%	7%	36%