	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,672	£3,727	£3,783	£3,878	£3,974	£19,034
Total Expenses	£4,780	£4,836	£4,882	£4,934	£4,986	£24,418
Profit Before Tax	£-1,108	£-1,109	£-1,099	£-1,056	£-1,012	£-5,384
Profit After Tax	£-1,108	£-1,109	£-1,099	£-1,056	£-1,012	£-5,384
Change In Property Value	£1	£1,500	£2,678	£3,563	£2,482	£10,224
Net Return	£-1,108	£391	£1,578	£2,507	£1,471	£4,839
Return From Rental Income (%)	-5%	-5%	-5%	-4%	-4%	-23%
Total Net Return (%)	-5%	2%	7%	11%	6%	21%