	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£1,980	£2,010	£2,040	£2,091	£2,143	£10,264
Total Expenses	£3,163	£3,216	£3,260	£3,307	£3,355	£16,302
Profit Before Tax	£-1,183	£-1,207	£-1,220	£-1,216	£-1,212	£-6,038
Profit After Tax	£-1,183	£-1,207	£-1,220	£-1,216	£-1,212	£-6,038
Change In Property Value	£900	£1,700	£1,956	£2,073	£1,648	£8,277
Net Return	£-283	£493	£736	£857	£436	£2,239
Return From Rental Income (%)	-12%	-12%	-12%	-12%	-12%	-60%
Total Net Return (%)	-3%	5%	7%	9%	4%	22%