	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,600	£3,654	£3,709	£3,802	£3,897	£18,661
Total Expenses	£5,256	£5,311	£5,358	£5,409	£5,461	£26,794
Profit Before Tax	£-1,656	£-1,657	£-1,649	£-1,607	£-1,564	£-8,133
Profit After Tax	£-1,656	£-1,657	£-1,649	£-1,607	£-1,564	£-8,133
Change In Property Value	£1	£1,800	£3,213	£4,276	£2,979	£12,268
Net Return	£-1,655	£143	£1,564	£2,668	£1,414	£4,135
Return From Rental Income (%)	-6%	-6%	-6%	-6%	-6%	-29%
Total Net Return (%)	-6%	1%	6%	10%	5%	15%