	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£8,412	£8,538	£8,752	£8,970	£9,240	£43,912
Total Expenses	£12,958	£13,017	£13,081	£13,147	£13,217	£65,420
Profit Before Tax	£-4,546	£-4,479	£-4,330	£-4,177	£-3,977	£-21,508
Profit After Tax	£-4,546	£-4,479	£-4,330	£-4,177	£-3,977	£-21,508
Change In Property Value	£3	£3	£5,100	£9,104	£12,114	£26,323
Net Return	£-4,544	£-4,476	£770	£4,927	£8,137	£4,815
Return From Rental Income (%)	-6%	-6%	-6%	-5%	-5%	-28%
Total Net Return (%)	-6%	-6%	1%	6%	10%	6%