	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£6,360	£6,455	£6,617	£6,782	£6,986	£33,200
Total Expenses	£11,650	£11,671	£11,698	£11,725	£11,756	£58,500
Profit Before Tax	£-5,290	£-5,216	£-5,081	£-4,943	£-4,771	£-25,300
Profit After Tax	£-5,290	£-5,216	£-5,081	£-4,943	£-4,771	£-25,300
Change In Property Value	£5,300	£5,406	£11,028	£14,337	£15,054	£51,124
Net Return	£10	£190	£5,947	£9,394	£10,283	£25,824
Return From Rental Income (%)	-7%	-6%	-6%	-6%	-6%	-31%
Total Net Return (%)	0%	0%	7%	12%	13%	32%