	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£6,120	£6,212	£6,367	£6,526	£6,722	£31,947
Total Expenses	£7,373	£7,428	£7,487	£7,546	£7,609	£37,443
Profit Before Tax	£-1,253	£-1,216	£-1,120	£-1,020	£-887	£-5,496
Profit After Tax	£-1,253	£-1,216	£-1,120	£-1,020	£-887	£-5,496
Change In Property Value	£3,000	£3,075	£5,673	£7,246	£8,340	£27,334
Net Return	£1,747	£1,859	£4,554	£6,226	£7,453	£21,838
Return From Rental Income (%)	-3%	-3%	-3%	-3%	-2%	-15%
Total Net Return (%)	5%	5%	12%	17%	20%	59%