	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£9,180	£9,318	£9,457	£9,694	£9,936	£47,585
Total Expenses	£11,605	£11,669	£11,724	£11,789	£11,856	£58,644
Profit Before Tax	£-2,425	£-2,351	£-2,267	£-2,096	£-1,920	£-11,059
Profit After Tax	£-2,425	£-2,351	£-2,267	£-2,096	£-1,920	£-11,059
Change In Property Value	£3	£5,400	£9,639	£12,827	£8,936	£36,805
Net Return	£-2,423	£3,049	£7,373	£10,731	£7,016	£25,746
Return From Rental Income (%)	-3%	-3%	-3%	-3%	-2%	-13%
Total Net Return (%)	-3%	4%	9%	13%	8%	31%