	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£6,528	£6,626	£6,792	£6,961	£7,170	£34,077
Total Expenses	£8,406	£8,461	£8,521	£8,582	£8,645	£42,615
Profit Before Tax	£-1,878	£-1,836	£-1,729	£-1,620	£-1,475	£-8,538
Profit After Tax	£-1,878	£-1,836	£-1,729	£-1,620	£-1,475	£-8,538
Change In Property Value	£1	£1	£2,900	£5,177	£6,889	£14,968
Net Return	£-1,876	£-1,834	£1,171	£3,556	£5,413	£6,430
Return From Rental Income (%)	-4%	-4%	-4%	-4%	-3%	-19%
Total Net Return (%)	-4%	-4%	3%	8%	12%	14%