	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,600	£3,654	£3,745	£3,839	£3,954	£18,792
Total Expenses	£4,741	£4,792	£4,844	£4,897	£4,951	£24,225
Profit Before Tax	£-1,141	£-1,138	£-1,099	£-1,058	£-997	£-5,433
Profit After Tax	£-1,141	£-1,138	£-1,099	£-1,058	£-997	£-5,433
Change In Property Value	£1,200	£1,224	£2,497	£3,246	£3,408	£11,575
Net Return	£60	£86	£1,398	£2,188	£2,411	£6,143
Return From Rental Income (%)	-6%	-6%	-6%	-6%	-5%	-29%
Total Net Return (%)	0%	0%	7%	12%	13%	32%