	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£5,340	£5,420	£5,556	£5,694	£5,865	£27,876
Total Expenses	£7,245	£7,299	£7,356	£7,414	£7,473	£36,788
Profit Before Tax	£-1,905	£-1,879	£-1,800	£-1,719	£-1,608	£-8,912
Profit After Tax	£-1,905	£-1,879	£-1,800	£-1,719	£-1,608	£-8,912
Change In Property Value	£1	£1	£2,375	£4,239	£5,642	£12,258
Net Return	£-1,904	£-1,878	£575	£2,520	£4,033	£3,346
Return From Rental Income (%)	-5%	-5%	-5%	-5%	-4%	-24%
Total Net Return (%)	-5%	-5%	2%	7%	11%	9%