	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£6,636	£6,736	£6,904	£7,077	£7,289	£34,641
Total Expenses	£8,516	£8,572	£8,631	£8,693	£8,756	£43,168
Profit Before Tax	£-1,880	£-1,836	£-1,727	£-1,616	£-1,468	£-8,527
Profit After Tax	£-1,880	£-1,836	£-1,727	£-1,616	£-1,468	£-8,527
Change In Property Value	£1	£1	£2,950	£5,266	£7,007	£15,226
Net Return	£-1,878	£-1,835	£1,223	£3,650	£5,540	£6,699
Return From Rental Income (%)	-4%	-4%	-4%	-4%	-3%	-19%
Total Net Return (%)	-4%	-4%	3%	8%	12%	15%