	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£7,284	£7,393	£7,578	£7,768	£8,001	£38,023
Total Expenses	£13,837	£13,894	£13,956	£14,019	£14,085	£69,791
Profit Before Tax	£-6,553	£-6,501	£-6,378	£-6,251	£-6,084	£-31,767
Profit After Tax	£-6,553	£-6,501	£-6,378	£-6,251	£-6,084	£-31,767
Change In Property Value	£3	£3	£5,600	£9,996	£13,302	£28,904
Net Return	£-6,551	£-6,498	£-778	£3,745	£7,218	£-2,863
Return From Rental Income (%)	-8%	-8%	-7%	-7%	-7%	-37%
Total Net Return (%)	-8%	-8%	-1%	4%	8%	-3%