	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£8,400	£8,526	£8,654	£8,870	£9,092	£43,542
Total Expenses	£11,849	£11,912	£11,965	£12,029	£12,094	£59,849
Profit Before Tax	£-3,449	£-3,386	£-3,311	£-3,159	£-3,002	£-16,306
Profit After Tax	£-3,449	£-3,386	£-3,311	£-3,159	£-3,002	£-16,306
Change In Property Value	£3	£5,600	£9,996	£13,302	£9,267	£38,168
Net Return	£-3,446	£2,214	£6,685	£10,143	£6,265	£21,862
Return From Rental Income (%)	-4%	-4%	-4%	-4%	-3%	-19%
Total Net Return (%)	-4%	3%	8%	12%	7%	25%