	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£8,376	£8,502	£8,629	£8,845	£9,066	£43,418
Total Expenses	£11,525	£11,587	£11,641	£11,705	£11,769	£58,227
Profit Before Tax	£-3,149	£-3,086	£-3,012	£-2,860	£-2,703	£-14,810
Profit After Tax	£-3,149	£-3,086	£-3,012	£-2,860	£-2,703	£-14,810
Change In Property Value	£3	£5,400	£9,639	£12,827	£8,936	£36,805
Net Return	£-3,146	£2,314	£6,627	£9,967	£6,233	£21,995
Return From Rental Income (%)	-4%	-4%	-4%	-3%	-3%	-18%
Total Net Return (%)	-4%	3%	8%	12%	8%	27%