	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£7,116	£7,223	£7,403	£7,588	£7,816	£37,146
Total Expenses	£8,980	£9,037	£9,098	£9,160	£9,226	£45,501
Profit Before Tax	£-1,864	£-1,814	£-1,695	£-1,572	£-1,410	£-8,355
Profit After Tax	£-1,864	£-1,814	£-1,695	£-1,572	£-1,410	£-8,355
Change In Property Value	£2	£2	£3,160	£5,641	£7,506	£16,310
Net Return	£-1,863	£-1,813	£1,465	£4,069	£6,096	£7,955
Return From Rental Income (%)	-4%	-4%	-4%	-3%	-3%	-17%
Total Net Return (%)	-4%	-4%	3%	8%	13%	16%