	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,648	£3,703	£3,758	£3,852	£3,949	£18,910
Total Expenses	£3,974	£4,029	£4,076	£4,127	£4,179	£20,384
Profit Before Tax	£-326	£-326	£-317	£-275	£-231	£-1,474
Profit After Tax	£-326	£-326	£-317	£-275	£-231	£-1,474
Change In Property Value	£1,500	£2,833	£3,260	£3,456	£2,747	£13,795
Net Return	£1,174	£2,506	£2,943	£3,181	£2,517	£12,321
Return From Rental Income (%)	-2%	-2%	-2%	-2%	-1%	-9%
Total Net Return (%)	7%	16%	18%	20%	16%	77%