	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£9,924	£10,073	£10,325	£10,583	£10,900	£51,805
Total Expenses	£11,741	£11,802	£11,870	£11,939	£12,014	£59,365
Profit Before Tax	£-1,817	£-1,729	£-1,545	£-1,357	£-1,114	£-7,561
Profit After Tax	£-1,817	£-1,729	£-1,545	£-1,357	£-1,114	£-7,561
Change In Property Value	£2	£2	£4,410	£7,872	£10,475	£22,762
Net Return	£-1,815	£-1,727	£2,865	£6,515	£9,362	£15,201
Return From Rental Income (%)	-3%	-3%	-2%	-2%	-2%	-11%
Total Net Return (%)	-3%	-3%	4%	10%	14%	23%