	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£4,728	£4,799	£4,919	£5,042	£5,193	£24,681
Total Expenses	£5,448	£5,502	£5,556	£5,613	£5,670	£27,789
Profit Before Tax	£-720	£-703	£-638	£-571	£-477	£-3,109
Profit After Tax	£-720	£-703	£-638	£-571	£-477	£-3,109
Change In Property Value	£2,250	£2,318	£4,376	£5,037	£5,339	£19,319
Net Return	£1,530	£1,615	£3,739	£4,466	£4,862	£16,210
Return From Rental Income (%)	-3%	-3%	-3%	-2%	-2%	-13%
Total Net Return (%)	7%	7%	16%	19%	21%	69%