	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£7,500	£7,612	£7,803	£7,998	£8,238	£39,151
Total Expenses	£8,701	£8,759	£8,820	£8,884	£8,951	£44,115
Profit Before Tax	£-1,201	£-1,146	£-1,018	£-886	£-713	£-4,964
Profit After Tax	£-1,201	£-1,146	£-1,018	£-886	£-713	£-4,964
Change In Property Value	£1,500	£1,515	£4,590	£6,304	£7,376	£21,286
Net Return	£299	£369	£3,573	£5,418	£6,663	£16,322
Return From Rental Income (%)	-3%	-2%	-2%	-2%	-2%	-11%
Total Net Return (%)	1%	1%	8%	12%	14%	35%