	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£6,144	£6,236	£6,330	£6,488	£6,650	£31,848
Total Expenses	£7,441	£7,500	£7,550	£7,608	£7,667	£37,765
Profit Before Tax	£-1,297	£-1,264	£-1,221	£-1,120	£-1,017	£-5,917
Profit After Tax	£-1,297	£-1,264	£-1,221	£-1,120	£-1,017	£-5,917
Change In Property Value	£2	£3,000	£5,355	£7,126	£4,964	£20,447
Net Return	£-1,295	£1,736	£4,135	£6,006	£3,948	£14,530
Return From Rental Income (%)	-3%	-3%	-3%	-2%	-2%	-13%
Total Net Return (%)	-3%	4%	9%	13%	9%	32%