	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£5,724	£5,810	£5,955	£6,104	£6,287	£29,880
Total Expenses	£11,301	£11,355	£11,413	£11,472	£11,533	£57,074
Profit Before Tax	£-5,577	£-5,546	£-5,458	£-5,368	£-5,246	£-27,194
Profit After Tax	£-5,577	£-5,546	£-5,458	£-5,368	£-5,246	£-27,194
Change In Property Value	£2	£2	£4,400	£7,854	£10,452	£22,710
Net Return	£-5,575	£-5,543	£-1,058	£2,486	£5,206	£-4,483
Return From Rental Income (%)	-8%	-8%	-8%	-8%	-8%	-41%
Total Net Return (%)	-8%	-8%	-2%	4%	8%	-7%