	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£8,556	£8,684	£8,901	£9,124	£9,398	£44,663
Total Expenses	£10,394	£10,453	£10,517	£10,583	£10,654	£52,601
Profit Before Tax	£-1,838	£-1,768	£-1,616	£-1,459	£-1,256	£-7,937
Profit After Tax	£-1,838	£-1,768	£-1,616	£-1,459	£-1,256	£-7,937
Change In Property Value	£2	£2	£3,800	£6,783	£9,026	£19,613
Net Return	£-1,836	£-1,766	£2,184	£5,324	£7,771	£11,676
Return From Rental Income (%)	-3%	-3%	-3%	-3%	-2%	-14%
Total Net Return (%)	-3%	-3%	4%	9%	13%	20%