	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,576	£3,630	£3,684	£3,776	£3,871	£18,537
Total Expenses	£5,092	£5,148	£5,194	£5,245	£5,297	£25,977
Profit Before Tax	£-1,516	£-1,518	£-1,510	£-1,469	£-1,427	£-7,441
Profit After Tax	£-1,516	£-1,518	£-1,510	£-1,469	£-1,427	£-7,441
Change In Property Value	£1	£1,700	£3,035	£4,038	£2,813	£11,587
Net Return	£-1,516	£182	£1,524	£2,569	£1,386	£4,146
Return From Rental Income (%)	-6%	-6%	-6%	-6%	-5%	-28%
Total Net Return (%)	-6%	1%	6%	10%	5%	16%