	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£4,296	£4,360	£4,469	£4,581	£4,719	£22,426
Total Expenses	£8,976	£9,028	£9,082	£9,137	£9,194	£45,418
Profit Before Tax	£-4,680	£-4,668	£-4,613	£-4,556	£-4,475	£-22,992
Profit After Tax	£-4,680	£-4,668	£-4,613	£-4,556	£-4,475	£-22,992
Change In Property Value	£2	£2	£3,300	£5,891	£7,839	£17,033
Net Return	£-4,678	£-4,666	£-1,313	£1,334	£3,364	£-5,959
Return From Rental Income (%)	-9%	-9%	-9%	-9%	-9%	-46%
Total Net Return (%)	-9%	-9%	-3%	3%	7%	-12%