	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£6,120	£6,212	£6,305	£6,463	£6,624	£31,724
Total Expenses	£7,084	£7,144	£7,194	£7,251	£7,310	£35,983
Profit Before Tax	£-964	£-932	£-889	£-789	£-686	£-4,260
Profit After Tax	£-964	£-932	£-889	£-789	£-686	£-4,260
Change In Property Value	£1	£2,780	£4,962	£6,603	£4,600	£18,948
Net Return	£-963	£1,848	£4,074	£5,815	£3,914	£14,688
Return From Rental Income (%)	-2%	-2%	-2%	-2%	-2%	-10%
Total Net Return (%)	-2%	4%	10%	14%	9%	34%