	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£1,512	£1,535	£1,558	£1,597	£1,637	£7,838
Total Expenses	£3,020	£3,072	£3,115	£3,161	£3,208	£15,577
Profit Before Tax	£-1,508	£-1,538	£-1,558	£-1,565	£-1,571	£-7,739
Profit After Tax	£-1,508	£-1,538	£-1,558	£-1,565	£-1,571	£-7,739
Change In Property Value	£0	£540	£964	£1,283	£894	£3,680
Net Return	£-1,508	£-998	£-594	£-282	£-678	£-4,059
Return From Rental Income (%)	-17%	-17%	-17%	-17%	-17%	-85%
Total Net Return (%)	-17%	-11%	-7%	-3%	-7%	-45%