	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£6,120	£6,212	£6,367	£6,526	£6,722	£31,947
Total Expenses	£9,555	£9,610	£9,669	£9,729	£9,791	£48,354
Profit Before Tax	£-3,435	£-3,399	£-3,302	£-3,202	£-3,069	£-16,406
Profit After Tax	£-3,435	£-3,399	£-3,302	£-3,202	£-3,069	£-16,406
Change In Property Value	£2	£2	£3,500	£6,248	£8,314	£18,065
Net Return	£-3,433	£-3,397	£198	£3,045	£5,245	£1,659
Return From Rental Income (%)	-6%	-6%	-6%	-6%	-6%	-31%
Total Net Return (%)	-6%	-6%	0%	6%	10%	3%