	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	£1,500	£1,530	£3,121	£4,058	£4,260	£14,469
Net Return	£780	£827	£2,484	£3,487	£3,783	£11,361
Return From Rental Income (%)	-3%	-3%	-3%	-2%	-2%	-13%
Total Net Return (%)	3%	4%	11%	15%	16%	48%