	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£5,712	£5,798	£5,943	£6,091	£6,274	£29,817
Total Expenses	£7,035	£7,089	£7,147	£7,205	£7,266	£35,742
Profit Before Tax	£-1,323	£-1,292	£-1,204	£-1,114	£-992	£-5,925
Profit After Tax	£-1,323	£-1,292	£-1,204	£-1,114	£-992	£-5,925
Change In Property Value	£1	£1	£2,250	£4,016	£5,345	£11,613
Net Return	£-1,322	£-1,290	£1,046	£2,902	£4,352	£5,688
Return From Rental Income (%)	-4%	-4%	-3%	-3%	-3%	-17%
Total Net Return (%)	-4%	-4%	3%	8%	13%	16%