	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,096	£3,142	£3,190	£3,269	£3,351	£16,048
Total Expenses	£5,527	£5,582	£5,627	£5,677	£5,728	£28,142
Profit Before Tax	£-2,431	£-2,439	£-2,438	£-2,408	£-2,377	£-12,093
Profit After Tax	£-2,431	£-2,439	£-2,438	£-2,408	£-2,377	£-12,093
Change In Property Value	£1	£2,000	£3,570	£4,751	£3,310	£13,631
Net Return	£-2,430	£-439	£1,132	£2,343	£933	£1,538
Return From Rental Income (%)	-8%	-8%	-8%	-8%	-8%	-39%
Total Net Return (%)	-8%	-1%	4%	8%	3%	5%