	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£4,656	£4,726	£4,797	£4,917	£5,040	£24,135
Total Expenses	£7,292	£7,349	£7,397	£7,451	£7,506	£36,994
Profit Before Tax	£-2,636	£-2,623	£-2,600	£-2,534	£-2,466	£-12,859
Profit After Tax	£-2,636	£-2,623	£-2,600	£-2,534	£-2,466	£-12,859
Change In Property Value	£2	£3,000	£5,355	£7,126	£4,964	£20,447
Net Return	£-2,634	£377	£2,755	£4,592	£2,498	£7,588
Return From Rental Income (%)	-6%	-6%	-6%	-6%	-5%	-28%
Total Net Return (%)	-6%	1%	6%	10%	5%	16%