	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	£1,200	£1,212	£3,672	£5,043	£5,901	£17,028
Net Return	£-53	£-4	£2,553	£4,023	£5,014	£11,533
Return From Rental Income (%)	-3%	-3%	-3%	-3%	-2%	-15%
Total Net Return (%)	0%	0%	7%	11%	14%	31%