	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£4,200	£4,263	£4,327	£4,435	£4,546	£21,771
Total Expenses	£7,246	£7,303	£7,350	£7,403	£7,456	£36,758
Profit Before Tax	£-3,046	£-3,040	£-3,023	£-2,967	£-2,910	£-14,987
Profit After Tax	£-3,046	£-3,040	£-3,023	£-2,967	£-2,910	£-14,987
Change In Property Value	£3,000	£6,120	£7,956	£8,354	£6,140	£31,570
Net Return	£-46	£3,080	£4,933	£5,386	£3,230	£16,583
Return From Rental Income (%)	-7%	-7%	-7%	-6%	-6%	-33%
Total Net Return (%)	0%	7%	11%	12%	7%	36%