	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£5,400	£5,481	£5,618	£5,758	£5,931	£28,189
Total Expenses	£7,301	£7,355	£7,412	£7,470	£7,530	£37,067
Profit Before Tax	£-1,901	£-1,874	£-1,794	£-1,711	£-1,598	£-8,878
Profit After Tax	£-1,901	£-1,874	£-1,794	£-1,711	£-1,598	£-8,878
Change In Property Value	£1	£1	£2,400	£4,284	£5,701	£12,387
Net Return	£-1,900	£-1,873	£606	£2,573	£4,103	£3,509
Return From Rental Income (%)	-5%	-5%	-5%	-5%	-4%	-24%
Total Net Return (%)	-5%	-5%	2%	7%	11%	9%