	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£8,316	£8,441	£8,652	£8,868	£9,134	£43,411
Total Expenses	£9,180	£9,238	£9,302	£9,368	£9,437	£46,524
Profit Before Tax	£-864	£-797	£-650	£-500	£-303	£-3,114
Profit After Tax	£-864	£-797	£-650	£-500	£-303	£-3,114
Change In Property Value	£1,600	£1,616	£4,896	£6,724	£7,868	£22,705
Net Return	£736	£819	£4,246	£6,225	£7,565	£19,591
Return From Rental Income (%)	-2%	-2%	-1%	-1%	-1%	-6%
Total Net Return (%)	2%	2%	9%	13%	15%	40%