	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£8,496	£8,623	£8,753	£8,972	£9,196	£44,040
Total Expenses	£10,893	£10,956	£11,010	£11,074	£11,139	£55,072
Profit Before Tax	£-2,397	£-2,333	£-2,257	£-2,102	£-1,943	£-11,032
Profit After Tax	£-2,397	£-2,333	£-2,257	£-2,102	£-1,943	£-11,032
Change In Property Value	£3	£5,000	£8,925	£11,877	£8,274	£34,079
Net Return	£-2,395	£2,667	£6,668	£9,775	£6,331	£23,046
Return From Rental Income (%)	-3%	-3%	-3%	-3%	-3%	-15%
Total Net Return (%)	-3%	4%	9%	13%	8%	30%