	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£4,056	£4,137	£4,241	£4,347	£4,455	£21,235
Total Expenses	£5,183	£5,237	£5,290	£5,345	£5,398	£26,453
Profit Before Tax	£-1,127	£-1,100	£-1,050	£-998	£-943	£-5,218
Profit After Tax	£-1,127	£-1,100	£-1,050	£-998	£-943	£-5,218
Change In Property Value	£2,100	£2,163	£3,713	£4,679	£4,959	£17,614
Net Return	£973	£1,063	£2,663	£3,680	£4,016	£12,396
Return From Rental Income (%)	-5%	-5%	-4%	-4%	-4%	-22%
Total Net Return (%)	4%	4%	11%	15%	17%	51%