	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£6,396	£6,492	£6,654	£6,821	£7,025	£33,388
Total Expenses	£7,520	£7,575	£7,634	£7,695	£7,758	£38,182
Profit Before Tax	£-1,124	£-1,083	£-980	£-874	£-733	£-4,794
Profit After Tax	£-1,124	£-1,083	£-980	£-874	£-733	£-4,794
Change In Property Value	£1,230	£1,242	£3,764	£5,169	£6,048	£17,454
Net Return	£106	£159	£2,784	£4,295	£5,315	£12,660
Return From Rental Income (%)	-3%	-3%	-3%	-2%	-2%	-13%
Total Net Return (%)	0%	0%	7%	11%	14%	33%