	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£2,700	£2,754	£2,823	£2,893	£2,966	£14,136
Total Expenses	£4,452	£4,504	£4,553	£4,604	£4,654	£22,767
Profit Before Tax	£-1,752	£-1,750	£-1,731	£-1,711	£-1,688	£-8,631
Profit After Tax	£-1,752	£-1,750	£-1,731	£-1,711	£-1,688	£-8,631
Change In Property Value	£1,650	£1,700	£2,917	£3,676	£3,897	£13,840
Net Return	£-102	£-50	£1,187	£1,965	£2,208	£5,208
Return From Rental Income (%)	-9%	-9%	-9%	-9%	-9%	-45%
Total Net Return (%)	-1%	0%	6%	10%	12%	27%