	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£4,200	£4,263	£4,327	£4,435	£4,546	£21,771
Total Expenses	£4,672	£4,729	£4,776	£4,829	£4,882	£23,888
Profit Before Tax	£-472	£-466	£-449	£-393	£-336	£-2,117
Profit After Tax	£-472	£-466	£-449	£-393	£-336	£-2,117
Change In Property Value	£2,100	£3,966	£4,564	£4,838	£3,846	£19,313
Net Return	£1,628	£3,500	£4,115	£4,444	£3,510	£17,197
Return From Rental Income (%)	-2%	-2%	-2%	-2%	-2%	-10%
Total Net Return (%)	7%	16%	19%	20%	16%	78%