	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£5,028	£5,103	£5,231	£5,362	£5,523	£26,247
Total Expenses	£6,490	£6,544	£6,599	£6,656	£6,715	£33,005
Profit Before Tax	£-1,462	£-1,440	£-1,368	£-1,295	£-1,192	£-6,758
Profit After Tax	£-1,462	£-1,440	£-1,368	£-1,295	£-1,192	£-6,758
Change In Property Value	£1,005	£1,015	£3,076	£4,224	£4,942	£14,261
Net Return	£-457	£-425	£1,707	£2,929	£3,749	£7,504
Return From Rental Income (%)	-5%	-5%	-4%	-4%	-4%	-22%
Total Net Return (%)	-1%	-1%	5%	9%	12%	24%