	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£4,416	£4,504	£4,594	£4,709	£4,827	£23,051
Total Expenses	£4,630	£4,688	£4,738	£4,792	£4,846	£23,694
Profit Before Tax	£-214	£-184	£-144	£-82	£-19	£-643
Profit After Tax	£-214	£-184	£-144	£-82	£-19	£-643
Change In Property Value	£2,040	£3,502	£4,413	£4,677	£4,132	£18,763
Net Return	£1,827	£3,318	£4,269	£4,595	£4,113	£18,120
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	8%	14%	18%	20%	18%	77%