	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,420	£3,471	£3,523	£3,611	£3,702	£17,728
Total Expenses	£4,900	£4,955	£5,001	£5,052	£5,104	£25,012
Profit Before Tax	£-1,480	£-1,484	£-1,478	£-1,440	£-1,402	£-7,284
Profit After Tax	£-1,480	£-1,484	£-1,478	£-1,440	£-1,402	£-7,284
Change In Property Value	£1	£1,590	£2,838	£3,777	£2,631	£10,837
Net Return	£-1,479	£106	£1,360	£2,336	£1,229	£3,553
Return From Rental Income (%)	-6%	-6%	-6%	-6%	-6%	-29%
Total Net Return (%)	-6%	0%	5%	9%	5%	14%