	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£4,452	£4,519	£4,587	£4,701	£4,819	£23,077
Total Expenses	£5,703	£5,760	£5,807	£5,861	£5,915	£29,046
Profit Before Tax	£-1,251	£-1,241	£-1,221	£-1,159	£-1,096	£-5,968
Profit After Tax	£-1,251	£-1,241	£-1,221	£-1,159	£-1,096	£-5,968
Change In Property Value	£1	£2,025	£3,615	£4,810	£3,351	£13,802
Net Return	£-1,250	£784	£2,394	£3,651	£2,255	£7,833
Return From Rental Income (%)	-4%	-4%	-4%	-4%	-3%	-19%
Total Net Return (%)	-4%	2%	8%	12%	7%	25%