	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,084	£3,130	£3,177	£3,257	£3,338	£15,986
Total Expenses	£4,561	£4,615	£4,661	£4,711	£4,762	£23,309
Profit Before Tax	£-1,477	£-1,485	£-1,484	£-1,454	£-1,423	£-7,323
Profit After Tax	£-1,477	£-1,485	£-1,484	£-1,454	£-1,423	£-7,323
Change In Property Value	£1	£1,400	£2,499	£3,325	£2,317	£9,542
Net Return	£-1,476	£-85	£1,015	£1,871	£893	£2,219
Return From Rental Income (%)	-7%	-7%	-7%	-7%	-6%	-33%
Total Net Return (%)	-7%	0%	5%	9%	4%	10%