	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£5,256	£5,335	£5,415	£5,550	£5,689	£27,245
Total Expenses	£6,749	£6,806	£6,855	£6,911	£6,967	£34,289
Profit Before Tax	£-1,493	£-1,472	£-1,441	£-1,361	£-1,278	£-7,044
Profit After Tax	£-1,493	£-1,472	£-1,441	£-1,361	£-1,278	£-7,044
Change In Property Value	£1	£2,625	£4,686	£6,235	£4,344	£17,891
Net Return	£-1,491	£1,153	£3,245	£4,875	£3,066	£10,848
Return From Rental Income (%)	-4%	-4%	-4%	-3%	-3%	-17%
Total Net Return (%)	-4%	3%	8%	12%	8%	27%