	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£5,076	£5,152	£5,281	£5,413	£5,575	£26,497
Total Expenses	£6,475	£6,529	£6,585	£6,642	£6,701	£32,931
Profit Before Tax	£-1,399	£-1,377	£-1,304	£-1,229	£-1,125	£-6,433
Profit After Tax	£-1,399	£-1,377	£-1,304	£-1,229	£-1,125	£-6,433
Change In Property Value	£1	£1	£2,000	£3,570	£4,751	£10,323
Net Return	£-1,398	£-1,376	£696	£2,341	£3,626	£3,890
Return From Rental Income (%)	-5%	-4%	-4%	-4%	-4%	-21%
Total Net Return (%)	-5%	-4%	2%	8%	12%	13%