	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£6,600	£6,732	£6,900	£7,073	£7,250	£34,555
Total Expenses	£7,024	£7,083	£7,143	£7,204	£7,265	£35,720
Profit Before Tax	£-424	£-351	£-243	£-132	£-15	£-1,165
Profit After Tax	£-424	£-351	£-243	£-132	£-15	£-1,165
Change In Property Value	£3,300	£3,399	£5,835	£7,352	£7,793	£27,679
Net Return	£2,876	£3,048	£5,592	£7,220	£7,778	£26,514
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	8%	8%	15%	19%	21%	71%