	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£6,672	£6,772	£6,941	£7,115	£7,328	£34,829
Total Expenses	£8,420	£8,476	£8,536	£8,597	£8,661	£42,691
Profit Before Tax	£-1,748	£-1,704	£-1,595	£-1,482	£-1,333	£-7,862
Profit After Tax	£-1,748	£-1,704	£-1,595	£-1,482	£-1,333	£-7,862
Change In Property Value	£1	£1	£2,900	£5,177	£6,889	£14,968
Net Return	£-1,747	£-1,703	£1,305	£3,694	£5,556	£7,106
Return From Rental Income (%)	-4%	-4%	-4%	-3%	-3%	-18%
Total Net Return (%)	-4%	-4%	3%	8%	12%	16%