	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,852	£3,929	£4,027	£4,128	£4,231	£20,167
Total Expenses	£4,567	£4,621	£4,674	£4,728	£4,781	£23,371
Profit Before Tax	£-715	£-692	£-647	£-600	£-550	£-3,203
Profit After Tax	£-715	£-692	£-647	£-600	£-550	£-3,203
Change In Property Value	£1,650	£1,700	£2,917	£3,676	£3,897	£13,840
Net Return	£935	£1,008	£2,271	£3,076	£3,347	£10,636
Return From Rental Income (%)	-4%	-4%	-3%	-3%	-3%	-17%
Total Net Return (%)	5%	5%	12%	16%	17%	56%