	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£6,120	£6,212	£6,367	£6,526	£6,722	£31,947
Total Expenses	£7,571	£7,627	£7,685	£7,745	£7,807	£38,435
Profit Before Tax	£-1,451	£-1,415	£-1,318	£-1,219	£-1,085	£-6,488
Profit After Tax	£-1,451	£-1,415	£-1,318	£-1,219	£-1,085	£-6,488
Change In Property Value	£1	£1	£2,500	£4,463	£5,938	£12,904
Net Return	£-1,450	£-1,414	£1,182	£3,244	£4,853	£6,416
Return From Rental Income (%)	-4%	-4%	-3%	-3%	-3%	-17%
Total Net Return (%)	-4%	-4%	3%	8%	13%	17%