	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£8,520	£8,648	£8,778	£8,997	£9,222	£44,164
Total Expenses	£11,700	£11,763	£11,817	£11,881	£11,946	£59,106
Profit Before Tax	£-3,180	£-3,115	£-3,039	£-2,884	£-2,724	£-14,942
Profit After Tax	£-3,180	£-3,115	£-3,039	£-2,884	£-2,724	£-14,942
Change In Property Value	£3	£5,500	£9,818	£13,064	£9,102	£37,486
Net Return	£-3,177	£2,385	£6,778	£10,181	£6,378	£22,544
Return From Rental Income (%)	-4%	-4%	-4%	-3%	-3%	-18%
Total Net Return (%)	-4%	3%	8%	12%	8%	27%