	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£8,580	£8,709	£8,926	£9,150	£9,424	£44,789
Total Expenses	£13,174	£13,232	£13,297	£13,363	£13,433	£66,500
Profit Before Tax	£-4,594	£-4,524	£-4,371	£-4,214	£-4,009	£-21,711
Profit After Tax	£-4,594	£-4,524	£-4,371	£-4,214	£-4,009	£-21,711
Change In Property Value	£3	£3	£5,200	£9,282	£12,352	£26,839
Net Return	£-4,591	£-4,521	£829	£5,068	£8,343	£5,129
Return From Rental Income (%)	-6%	-6%	-5%	-5%	-5%	-27%
Total Net Return (%)	-6%	-6%	1%	6%	10%	6%