	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£6,120	£6,212	£6,367	£6,526	£6,722	£31,947
Total Expenses	£8,127	£8,182	£8,240	£8,300	£8,363	£41,212
Profit Before Tax	£-2,007	£-1,970	£-1,873	£-1,774	£-1,640	£-9,265
Profit After Tax	£-2,007	£-1,970	£-1,873	£-1,774	£-1,640	£-9,265
Change In Property Value	£1	£1	£2,780	£4,962	£6,604	£14,349
Net Return	£-2,005	£-1,969	£907	£3,188	£4,963	£5,084
Return From Rental Income (%)	-5%	-5%	-4%	-4%	-4%	-22%
Total Net Return (%)	-5%	-5%	2%	7%	12%	12%