	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£8,064	£8,185	£8,390	£8,599	£8,857	£42,095
Total Expenses	£10,424	£10,482	£10,546	£10,610	£10,679	£52,741
Profit Before Tax	£-2,360	£-2,297	£-2,156	£-2,011	£-1,822	£-10,646
Profit After Tax	£-2,360	£-2,297	£-2,156	£-2,011	£-1,822	£-10,646
Change In Property Value	£2	£2	£3,840	£6,855	£9,121	£19,820
Net Return	£-2,358	£-2,295	£1,684	£4,843	£7,300	£9,174
Return From Rental Income (%)	-4%	-4%	-4%	-3%	-3%	-18%
Total Net Return (%)	-4%	-4%	3%	8%	12%	16%