	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£7,200	£7,308	£7,491	£7,678	£7,908	£37,585
Total Expenses	£8,671	£8,728	£8,789	£8,852	£8,918	£43,958
Profit Before Tax	£-1,471	£-1,420	£-1,299	£-1,174	£-1,009	£-6,373
Profit After Tax	£-1,471	£-1,420	£-1,299	£-1,174	£-1,009	£-6,373
Change In Property Value	£1,500	£1,515	£4,590	£6,304	£7,376	£21,286
Net Return	£29	£95	£3,292	£5,130	£6,367	£14,913
Return From Rental Income (%)	-3%	-3%	-3%	-3%	-2%	-14%
Total Net Return (%)	0%	0%	7%	11%	14%	32%