	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£4,440	£4,507	£4,574	£4,689	£4,806	£23,015
Total Expenses	£4,825	£4,882	£4,929	£4,983	£5,037	£24,656
Profit Before Tax	£-385	£-375	£-355	£-294	£-231	£-1,640
Profit After Tax	£-385	£-375	£-355	£-294	£-231	£-1,640
Change In Property Value	£2,220	£4,192	£4,825	£5,114	£4,066	£20,417
Net Return	£1,835	£3,817	£4,470	£4,820	£3,835	£18,776
Return From Rental Income (%)	-2%	-2%	-2%	-1%	-1%	-7%
Total Net Return (%)	8%	16%	19%	21%	17%	81%