	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,408	£3,459	£3,546	£3,634	£3,743	£17,790
Total Expenses	£4,523	£4,574	£4,626	£4,678	£4,732	£23,133
Profit Before Tax	£-1,115	£-1,115	£-1,080	£-1,044	£-989	£-5,343
Profit After Tax	£-1,115	£-1,115	£-1,080	£-1,044	£-989	£-5,343
Change In Property Value	£1,650	£1,700	£3,209	£3,694	£3,915	£14,167
Net Return	£535	£585	£2,129	£2,649	£2,926	£8,825
Return From Rental Income (%)	-6%	-6%	-6%	-6%	-6%	-31%
Total Net Return (%)	3%	3%	12%	15%	17%	50%