	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,600	£3,672	£3,764	£3,858	£3,954	£18,848
Total Expenses	£5,931	£5,984	£6,036	£6,089	£6,142	£30,182
Profit Before Tax	£-2,331	£-2,312	£-2,272	£-2,231	£-2,187	£-11,334
Profit After Tax	£-2,331	£-2,312	£-2,272	£-2,231	£-2,187	£-11,334
Change In Property Value	£2,700	£2,781	£4,774	£6,015	£6,376	£22,647
Net Return	£369	£469	£2,502	£3,784	£4,189	£11,313
Return From Rental Income (%)	-8%	-8%	-7%	-7%	-7%	-37%
Total Net Return (%)	1%	2%	8%	12%	14%	37%