	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,600	£3,654	£3,709	£3,802	£3,897	£18,661
Total Expenses	£4,773	£4,829	£4,875	£4,926	£4,978	£24,381
Profit Before Tax	£-1,173	£-1,175	£-1,166	£-1,125	£-1,082	£-5,720
Profit After Tax	£-1,173	£-1,175	£-1,166	£-1,125	£-1,082	£-5,720
Change In Property Value	£1	£1,500	£2,678	£3,563	£2,482	£10,224
Net Return	£-1,172	£325	£1,511	£2,438	£1,401	£4,503
Return From Rental Income (%)	-5%	-5%	-5%	-5%	-5%	-24%
Total Net Return (%)	-5%	1%	6%	10%	6%	19%