	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£7,428	£7,539	£7,653	£7,844	£8,040	£38,504
Total Expenses	£9,982	£10,043	£10,096	£10,157	£10,219	£50,497
Profit Before Tax	£-2,554	£-2,504	£-2,443	£-2,313	£-2,179	£-11,993
Profit After Tax	£-2,554	£-2,504	£-2,443	£-2,313	£-2,179	£-11,993
Change In Property Value	£2	£4,500	£8,033	£10,689	£7,447	£30,671
Net Return	£-2,552	£1,996	£5,589	£8,376	£5,268	£18,678
Return From Rental Income (%)	-4%	-4%	-4%	-3%	-3%	-18%
Total Net Return (%)	-4%	3%	8%	12%	8%	27%