	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,900	£3,958	£4,018	£4,118	£4,221	£20,216
Total Expenses	£7,216	£7,272	£7,319	£7,371	£7,424	£36,602
Profit Before Tax	£-3,316	£-3,314	£-3,301	£-3,253	£-3,203	£-16,386
Profit After Tax	£-3,316	£-3,314	£-3,301	£-3,253	£-3,203	£-16,386
Change In Property Value	£2	£3,000	£5,355	£7,126	£4,964	£20,447
Net Return	£-3,315	£-314	£2,054	£3,873	£1,762	£4,061
Return From Rental Income (%)	-7%	-7%	-7%	-7%	-7%	-36%
Total Net Return (%)	-7%	-1%	4%	8%	4%	9%