	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£4,476	£4,566	£4,657	£4,773	£4,893	£23,364
Total Expenses	£4,700	£4,759	£4,809	£4,862	£4,917	£24,047
Profit Before Tax	£-224	£-193	£-152	£-89	£-24	£-683
Profit After Tax	£-224	£-193	£-152	£-89	£-24	£-683
Change In Property Value	£2,100	£3,605	£4,542	£4,815	£4,253	£19,315
Net Return	£1,876	£3,412	£4,390	£4,726	£4,229	£18,632
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	8%	14%	18%	20%	18%	77%