	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,060	£3,121	£3,199	£3,279	£3,361	£16,021
Total Expenses	£4,687	£4,739	£4,789	£4,841	£4,892	£23,948
Profit Before Tax	£-1,627	£-1,617	£-1,590	£-1,562	£-1,531	£-7,927
Profit After Tax	£-1,627	£-1,617	£-1,590	£-1,562	£-1,531	£-7,927
Change In Property Value	£1,800	£1,854	£3,183	£4,010	£4,251	£15,098
Net Return	£174	£237	£1,593	£2,448	£2,720	£7,171
Return From Rental Income (%)	-8%	-8%	-8%	-8%	-7%	-38%
Total Net Return (%)	1%	1%	8%	12%	13%	34%