	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£6,240	£6,334	£6,492	£6,654	£6,854	£32,574
Total Expenses	£12,146	£12,201	£12,260	£12,320	£12,383	£61,311
Profit Before Tax	£-5,906	£-5,868	£-5,768	£-5,666	£-5,529	£-28,737
Profit After Tax	£-5,906	£-5,868	£-5,768	£-5,666	£-5,529	£-28,737
Change In Property Value	£2	£2	£4,800	£8,568	£11,402	£24,775
Net Return	£-5,904	£-5,865	£-968	£2,902	£5,873	£-3,962
Return From Rental Income (%)	-8%	-8%	-8%	-8%	-8%	-39%
Total Net Return (%)	-8%	-8%	-1%	4%	8%	-5%