	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£7,476	£7,588	£7,778	£7,972	£8,211	£39,026
Total Expenses	£9,492	£9,550	£9,611	£9,675	£9,741	£48,070
Profit Before Tax	£-2,016	£-1,961	£-1,834	£-1,703	£-1,530	£-9,044
Profit After Tax	£-2,016	£-1,961	£-1,834	£-1,703	£-1,530	£-9,044
Change In Property Value	£2	£2	£3,400	£6,069	£8,076	£17,549
Net Return	£-2,015	£-1,960	£1,566	£4,367	£6,546	£8,505
Return From Rental Income (%)	-4%	-4%	-4%	-3%	-3%	-17%
Total Net Return (%)	-4%	-4%	3%	8%	13%	16%