	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£4,500	£4,567	£4,682	£4,799	£4,943	£23,491
Total Expenses	£6,021	£6,074	£6,128	£6,183	£6,240	£30,646
Profit Before Tax	£-1,521	£-1,506	£-1,446	£-1,385	£-1,298	£-7,155
Profit After Tax	£-1,521	£-1,506	£-1,446	£-1,385	£-1,298	£-7,155
Change In Property Value	£2,250	£2,306	£4,255	£5,435	£6,255	£20,501
Net Return	£729	£800	£2,809	£4,050	£4,957	£13,345
Return From Rental Income (%)	-5%	-5%	-5%	-5%	-5%	-26%
Total Net Return (%)	3%	3%	10%	14%	18%	48%