	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,576	£3,630	£3,720	£3,813	£3,928	£18,667
Total Expenses	£4,540	£4,591	£4,643	£4,696	£4,750	£23,221
Profit Before Tax	£-964	£-961	£-923	£-883	£-823	£-4,553
Profit After Tax	£-964	£-961	£-923	£-883	£-823	£-4,553
Change In Property Value	£1,375	£1,409	£2,600	£3,321	£3,822	£12,528
Net Return	£411	£448	£1,678	£2,438	£3,000	£7,975
Return From Rental Income (%)	-6%	-5%	-5%	-5%	-5%	-26%
Total Net Return (%)	2%	3%	10%	14%	17%	46%