	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£2,604	£2,643	£2,683	£2,750	£2,819	£13,498
Total Expenses	£3,869	£3,923	£3,968	£4,017	£4,066	£19,843
Profit Before Tax	£-1,265	£-1,280	£-1,285	£-1,267	£-1,248	£-6,345
Profit After Tax	£-1,265	£-1,280	£-1,285	£-1,267	£-1,248	£-6,345
Change In Property Value	£1,000	£2,040	£2,652	£2,785	£2,047	£10,523
Net Return	£-265	£760	£1,367	£1,518	£799	£4,178
Return From Rental Income (%)	-8%	-8%	-8%	-8%	-8%	-40%
Total Net Return (%)	-2%	5%	9%	9%	5%	26%