	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,900	£3,958	£4,057	£4,159	£4,284	£20,359
Total Expenses	£4,771	£4,822	£4,875	£4,929	£4,984	£24,382
Profit Before Tax	£-871	£-864	£-818	£-770	£-701	£-4,023
Profit After Tax	£-871	£-864	£-818	£-770	£-701	£-4,023
Change In Property Value	£1,500	£1,538	£2,837	£3,623	£4,170	£13,667
Net Return	£630	£674	£2,019	£2,853	£3,469	£9,644
Return From Rental Income (%)	-5%	-5%	-4%	-4%	-4%	-21%
Total Net Return (%)	3%	4%	11%	15%	18%	51%