	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£5,196	£5,274	£5,406	£5,541	£5,707	£27,124
Total Expenses	£10,455	£10,508	£10,565	£10,622	£10,681	£52,831
Profit Before Tax	£-5,259	£-5,234	£-5,159	£-5,081	£-4,974	£-25,707
Profit After Tax	£-5,259	£-5,234	£-5,159	£-5,081	£-4,974	£-25,707
Change In Property Value	£2	£2	£4,000	£7,140	£9,501	£20,646
Net Return	£-5,257	£-5,232	£-1,159	£2,059	£4,527	£-5,061
Return From Rental Income (%)	-9%	-9%	-8%	-8%	-8%	-42%
Total Net Return (%)	-9%	-9%	-2%	3%	7%	-8%