	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£4,608	£4,677	£4,747	£4,866	£4,988	£23,886
Total Expenses	£5,155	£5,212	£5,260	£5,314	£5,369	£26,311
Profit Before Tax	£-547	£-535	£-513	£-448	£-381	£-2,425
Profit After Tax	£-547	£-535	£-513	£-448	£-381	£-2,425
Change In Property Value	£1	£1,675	£2,990	£3,979	£2,772	£11,416
Net Return	£-547	£1,140	£2,477	£3,531	£2,391	£8,991
Return From Rental Income (%)	-2%	-2%	-2%	-2%	-1%	-9%
Total Net Return (%)	-2%	4%	9%	14%	9%	34%