	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£4,920	£4,994	£5,119	£5,247	£5,404	£25,683
Total Expenses	£7,491	£7,544	£7,600	£7,657	£7,715	£38,007
Profit Before Tax	£-2,571	£-2,551	£-2,481	£-2,410	£-2,311	£-12,324
Profit After Tax	£-2,571	£-2,551	£-2,481	£-2,410	£-2,311	£-12,324
Change In Property Value	£1,260	£1,273	£3,856	£5,296	£6,196	£17,880
Net Return	£-1,311	£-1,278	£1,375	£2,886	£3,885	£5,556
Return From Rental Income (%)	-7%	-7%	-6%	-6%	-6%	-32%
Total Net Return (%)	-3%	-3%	4%	7%	10%	14%