	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,708	£3,764	£3,820	£3,916	£4,013	£19,221
Total Expenses	£5,427	£5,483	£5,530	£5,581	£5,633	£27,655
Profit Before Tax	£-1,719	£-1,719	£-1,710	£-1,665	£-1,620	£-8,434
Profit After Tax	£-1,719	£-1,719	£-1,710	£-1,665	£-1,620	£-8,434
Change In Property Value	£1	£1,900	£3,392	£4,513	£3,144	£12,950
Net Return	£-1,718	£181	£1,682	£2,848	£1,524	£4,516
Return From Rental Income (%)	-6%	-6%	-6%	-6%	-5%	-29%
Total Net Return (%)	-6%	1%	6%	10%	5%	15%