	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£4,032	£4,113	£4,195	£4,300	£4,407	£21,047
Total Expenses	£4,495	£4,553	£4,602	£4,654	£4,708	£23,011
Profit Before Tax	£-463	£-440	£-407	£-354	£-300	£-1,964
Profit After Tax	£-463	£-440	£-407	£-354	£-300	£-1,964
Change In Property Value	£1,950	£3,348	£4,218	£4,471	£3,949	£17,936
Net Return	£1,487	£2,908	£3,811	£4,117	£3,649	£15,971
Return From Rental Income (%)	-2%	-2%	-2%	-2%	-1%	-9%
Total Net Return (%)	7%	13%	17%	18%	16%	71%