	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£7,356	£7,466	£7,653	£7,844	£8,080	£38,399
Total Expenses	£8,687	£8,744	£8,806	£8,869	£8,935	£44,039
Profit Before Tax	£-1,331	£-1,278	£-1,153	£-1,024	£-855	£-5,640
Profit After Tax	£-1,331	£-1,278	£-1,153	£-1,024	£-855	£-5,640
Change In Property Value	£2	£2	£3,000	£5,355	£7,126	£15,484
Net Return	£-1,329	£-1,276	£1,848	£4,331	£6,271	£9,844
Return From Rental Income (%)	-3%	-3%	-3%	-2%	-2%	-12%
Total Net Return (%)	-3%	-3%	4%	9%	14%	21%