	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£9,348	£9,488	£9,725	£9,969	£10,268	£48,798
Total Expenses	£13,845	£13,905	£13,972	£14,040	£14,113	£69,876
Profit Before Tax	£-4,497	£-4,417	£-4,247	£-4,072	£-3,845	£-21,078
Profit After Tax	£-4,497	£-4,417	£-4,247	£-4,072	£-3,845	£-21,078
Change In Property Value	£3	£3	£5,500	£9,818	£13,065	£28,388
Net Return	£-4,495	£-4,414	£1,253	£5,746	£9,219	£7,310
Return From Rental Income (%)	-5%	-5%	-5%	-5%	-5%	-25%
Total Net Return (%)	-5%	-5%	1%	7%	11%	9%