	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£4,500	£4,567	£4,682	£4,799	£4,943	£23,491
Total Expenses	£4,930	£4,982	£5,037	£5,092	£5,149	£25,191
Profit Before Tax	£-430	£-415	£-355	£-294	£-207	£-1,700
Profit After Tax	£-430	£-415	£-355	£-294	£-207	£-1,700
Change In Property Value	£1,875	£1,931	£3,647	£4,197	£4,449	£16,099
Net Return	£1,445	£1,516	£3,292	£3,904	£4,242	£14,399
Return From Rental Income (%)	-2%	-2%	-2%	-1%	-1%	-9%
Total Net Return (%)	7%	8%	17%	20%	21%	73%