	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£9,000	£9,135	£9,363	£9,597	£9,885	£46,981
Total Expenses	£10,835	£10,895	£10,960	£11,028	£11,099	£54,816
Profit Before Tax	£-1,835	£-1,760	£-1,597	£-1,430	£-1,214	£-7,835
Profit After Tax	£-1,835	£-1,760	£-1,597	£-1,430	£-1,214	£-7,835
Change In Property Value	£2	£2	£4,000	£7,140	£9,501	£20,646
Net Return	£-1,833	£-1,757	£2,403	£5,710	£8,288	£12,811
Return From Rental Income (%)	-3%	-3%	-3%	-2%	-2%	-13%
Total Net Return (%)	-3%	-3%	4%	9%	14%	21%