	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£5,580	£5,664	£5,805	£5,950	£6,129	£29,128
Total Expenses	£9,700	£9,754	£9,811	£9,869	£9,930	£49,064
Profit Before Tax	£-4,120	£-4,090	£-4,006	£-3,919	£-3,801	£-19,935
Profit After Tax	£-4,120	£-4,090	£-4,006	£-3,919	£-3,801	£-19,935
Change In Property Value	£2	£2	£3,600	£6,426	£8,551	£18,581
Net Return	£-4,118	£-4,088	£-406	£2,507	£4,750	£-1,354
Return From Rental Income (%)	-7%	-7%	-7%	-7%	-7%	-36%
Total Net Return (%)	-7%	-7%	-1%	5%	9%	-2%