	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£8,304	£8,429	£8,639	£8,855	£9,121	£43,348
Total Expenses	£10,150	£10,209	£10,273	£10,338	£10,408	£51,378
Profit Before Tax	£-1,846	£-1,780	£-1,634	£-1,483	£-1,287	£-8,030
Profit After Tax	£-1,846	£-1,780	£-1,634	£-1,483	£-1,287	£-8,030
Change In Property Value	£2	£2	£3,690	£6,587	£8,765	£19,046
Net Return	£-1,845	£-1,778	£2,056	£5,104	£7,478	£11,015
Return From Rental Income (%)	-3%	-3%	-3%	-3%	-2%	-14%
Total Net Return (%)	-3%	-3%	4%	9%	13%	20%