	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£2,940	£2,984	£3,059	£3,135	£3,229	£15,347
Total Expenses	£4,675	£4,725	£4,775	£4,827	£4,879	£23,880
Profit Before Tax	£-1,735	£-1,741	£-1,717	£-1,692	£-1,650	£-8,533
Profit After Tax	£-1,735	£-1,741	£-1,717	£-1,692	£-1,650	£-8,533
Change In Property Value	£1	£1	£1,200	£2,142	£2,850	£6,194
Net Return	£-1,734	£-1,740	£-517	£450	£1,201	£-2,340
Return From Rental Income (%)	-9%	-9%	-9%	-9%	-9%	-45%
Total Net Return (%)	-9%	-9%	-3%	2%	6%	-12%