	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£9,036	£9,172	£9,401	£9,636	£9,925	£47,169
Total Expenses	£11,434	£11,493	£11,559	£11,627	£11,698	£57,811
Profit Before Tax	£-2,398	£-2,322	£-2,158	£-1,991	£-1,773	£-10,642
Profit After Tax	£-2,398	£-2,322	£-2,158	£-1,991	£-1,773	£-10,642
Change In Property Value	£2,150	£2,172	£6,580	£9,036	£10,572	£30,509
Net Return	£-248	£-150	£4,421	£7,045	£8,799	£19,868
Return From Rental Income (%)	-4%	-4%	-3%	-3%	-3%	-16%
Total Net Return (%)	0%	0%	7%	11%	13%	30%