	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£8,004	£8,124	£8,327	£8,535	£8,791	£41,782
Total Expenses	£9,148	£9,206	£9,270	£9,334	£9,403	£46,361
Profit Before Tax	£-1,144	£-1,082	£-943	£-799	£-611	£-4,580
Profit After Tax	£-1,144	£-1,082	£-943	£-799	£-611	£-4,580
Change In Property Value	£1,600	£1,616	£4,896	£6,724	£7,868	£22,705
Net Return	£456	£534	£3,954	£5,925	£7,256	£18,125
Return From Rental Income (%)	-2%	-2%	-2%	-2%	-1%	-9%
Total Net Return (%)	1%	1%	8%	12%	15%	37%