	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£7,224	£7,332	£7,442	£7,628	£7,819	£37,446
Total Expenses	£8,836	£8,896	£8,948	£9,009	£9,071	£44,760
Profit Before Tax	£-1,612	£-1,564	£-1,506	£-1,381	£-1,252	£-7,314
Profit After Tax	£-1,612	£-1,564	£-1,506	£-1,381	£-1,252	£-7,314
Change In Property Value	£2	£3,800	£6,783	£9,026	£6,288	£25,900
Net Return	£-1,610	£2,236	£5,277	£7,646	£5,037	£18,586
Return From Rental Income (%)	-3%	-3%	-3%	-2%	-2%	-13%
Total Net Return (%)	-3%	4%	9%	13%	9%	32%