	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£9,000	£9,135	£9,363	£9,597	£9,885	£46,981
Total Expenses	£11,827	£11,886	£11,952	£12,019	£12,091	£59,776
Profit Before Tax	£-2,827	£-2,751	£-2,589	£-2,422	£-2,206	£-12,795
Profit After Tax	£-2,827	£-2,751	£-2,589	£-2,422	£-2,206	£-12,795
Change In Property Value	£2	£2	£4,500	£8,033	£10,689	£23,226
Net Return	£-2,825	£-2,749	£1,911	£5,611	£8,484	£10,432
Return From Rental Income (%)	-4%	-4%	-4%	-4%	-3%	-19%
Total Net Return (%)	-4%	-4%	3%	8%	12%	15%