	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£9,456	£9,598	£9,838	£10,084	£10,386	£49,362
Total Expenses	£10,444	£10,504	£10,571	£10,640	£10,713	£52,872
Profit Before Tax	£-988	£-907	£-734	£-556	£-326	£-3,511
Profit After Tax	£-988	£-907	£-734	£-556	£-326	£-3,511
Change In Property Value	£1,890	£1,909	£5,784	£7,943	£9,294	£26,820
Net Return	£902	£1,002	£5,050	£7,387	£8,967	£23,309
Return From Rental Income (%)	-2%	-2%	-1%	-1%	-1%	-6%
Total Net Return (%)	2%	2%	9%	13%	16%	40%