	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£4,680	£4,750	£4,869	£4,991	£5,140	£24,430
Total Expenses	£5,840	£5,893	£5,948	£6,004	£6,062	£29,748
Profit Before Tax	£-1,160	£-1,143	£-1,079	£-1,014	£-921	£-5,318
Profit After Tax	£-1,160	£-1,143	£-1,079	£-1,014	£-921	£-5,318
Change In Property Value	£1	£1	£1,700	£3,035	£4,038	£8,774
Net Return	£-1,160	£-1,142	£621	£2,021	£3,117	£3,456
Return From Rental Income (%)	-4%	-4%	-4%	-4%	-3%	-20%
Total Net Return (%)	-4%	-4%	2%	8%	12%	13%