	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£4,512	£4,580	£4,694	£4,812	£4,956	£23,553
Total Expenses	£6,815	£6,868	£6,923	£6,978	£7,035	£34,620
Profit Before Tax	£-2,303	£-2,289	£-2,228	£-2,167	£-2,079	£-11,067
Profit After Tax	£-2,303	£-2,289	£-2,228	£-2,167	£-2,079	£-11,067
Change In Property Value	£1,100	£1,111	£3,366	£4,623	£5,409	£15,609
Net Return	£-1,203	£-1,178	£1,138	£2,456	£3,330	£4,543
Return From Rental Income (%)	-7%	-7%	-7%	-6%	-6%	-33%
Total Net Return (%)	-4%	-3%	3%	7%	10%	13%