	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£7,092	£7,198	£7,378	£7,563	£7,790	£37,021
Total Expenses	£8,958	£9,015	£9,076	£9,138	£9,203	£45,389
Profit Before Tax	£-1,866	£-1,816	£-1,697	£-1,575	£-1,414	£-8,368
Profit After Tax	£-1,866	£-1,816	£-1,697	£-1,575	£-1,414	£-8,368
Change In Property Value	£2	£2	£3,150	£5,623	£7,482	£16,258
Net Return	£-1,864	£-1,815	£1,453	£4,048	£6,069	£7,890
Return From Rental Income (%)	-4%	-4%	-4%	-3%	-3%	-17%
Total Net Return (%)	-4%	-4%	3%	8%	13%	16%