	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£2,436	£2,473	£2,510	£2,572	£2,637	£12,627
Total Expenses	£3,531	£3,584	£3,629	£3,677	£3,726	£18,147
Profit Before Tax	£-1,095	£-1,112	£-1,119	£-1,105	£-1,089	£-5,520
Profit After Tax	£-1,095	£-1,112	£-1,119	£-1,105	£-1,089	£-5,520
Change In Property Value	£800	£1,632	£2,122	£2,228	£1,637	£8,419
Net Return	£-295	£520	£1,002	£1,123	£548	£2,899
Return From Rental Income (%)	-8%	-9%	-9%	-8%	-8%	-42%
Total Net Return (%)	-2%	4%	8%	9%	4%	22%