	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,660	£3,715	£3,808	£3,903	£4,020	£19,106
Total Expenses	£5,590	£5,641	£5,693	£5,747	£5,801	£28,472
Profit Before Tax	£-1,930	£-1,926	£-1,886	£-1,844	£-1,781	£-9,366
Profit After Tax	£-1,930	£-1,926	£-1,886	£-1,844	£-1,781	£-9,366
Change In Property Value	£1	£1	£1,625	£2,901	£3,860	£8,387
Net Return	£-1,929	£-1,925	£-261	£1,057	£2,079	£-979
Return From Rental Income (%)	-8%	-8%	-7%	-7%	-7%	-37%
Total Net Return (%)	-8%	-8%	-1%	4%	8%	-4%