	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£4,020	£4,080	£4,182	£4,287	£4,415	£20,985
Total Expenses	£4,584	£4,636	£4,689	£4,744	£4,799	£23,452
Profit Before Tax	£-564	£-556	£-507	£-457	£-384	£-2,467
Profit After Tax	£-564	£-556	£-507	£-457	£-384	£-2,467
Change In Property Value	£1,650	£1,700	£3,209	£3,694	£3,915	£14,167
Net Return	£1,086	£1,144	£2,702	£3,237	£3,531	£11,700
Return From Rental Income (%)	-3%	-3%	-3%	-3%	-2%	-14%
Total Net Return (%)	6%	7%	15%	18%	20%	67%