	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,048	£3,094	£3,171	£3,250	£3,348	£15,911
Total Expenses	£5,404	£5,455	£5,506	£5,557	£5,610	£27,532
Profit Before Tax	£-2,356	£-2,361	£-2,335	£-2,307	£-2,262	£-11,621
Profit After Tax	£-2,356	£-2,361	£-2,335	£-2,307	£-2,262	£-11,621
Change In Property Value	£781	£789	£2,391	£3,283	£3,842	£11,086
Net Return	£-1,575	£-1,572	£56	£976	£1,580	£-535
Return From Rental Income (%)	-10%	-10%	-10%	-9%	-9%	-48%
Total Net Return (%)	-6%	-6%	0%	4%	6%	-2%