	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£5,400	£5,481	£5,618	£5,758	£5,931	£28,189
Total Expenses	£8,491	£8,545	£8,602	£8,660	£8,720	£43,018
Profit Before Tax	£-3,091	£-3,064	£-2,984	£-2,901	£-2,789	£-14,830
Profit After Tax	£-3,091	£-3,064	£-2,984	£-2,901	£-2,789	£-14,830
Change In Property Value	£1,500	£1,515	£4,590	£6,304	£7,376	£21,286
Net Return	£-1,591	£-1,549	£1,606	£3,403	£4,587	£6,456
Return From Rental Income (%)	-7%	-7%	-6%	-6%	-6%	-32%
Total Net Return (%)	-3%	-3%	3%	7%	10%	14%