	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,372	£3,423	£3,474	£3,561	£3,650	£17,479
Total Expenses	£4,750	£4,805	£4,852	£4,902	£4,954	£24,263
Profit Before Tax	£-1,378	£-1,383	£-1,378	£-1,341	£-1,304	£-6,784
Profit After Tax	£-1,378	£-1,383	£-1,378	£-1,341	£-1,304	£-6,784
Change In Property Value	£1	£1,500	£2,678	£3,563	£2,482	£10,224
Net Return	£-1,378	£117	£1,300	£2,222	£1,178	£3,440
Return From Rental Income (%)	-6%	-6%	-6%	-6%	-6%	-29%
Total Net Return (%)	-6%	0%	6%	9%	5%	15%