	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£7,656	£7,771	£7,965	£8,164	£8,409	£39,965
Total Expenses	£9,510	£9,568	£9,630	£9,694	£9,761	£48,164
Profit Before Tax	£-1,854	£-1,797	£-1,665	£-1,530	£-1,352	£-8,198
Profit After Tax	£-1,854	£-1,797	£-1,665	£-1,530	£-1,352	£-8,198
Change In Property Value	£2	£2	£3,400	£6,069	£8,076	£17,549
Net Return	£-1,853	£-1,795	£1,735	£4,539	£6,724	£9,351
Return From Rental Income (%)	-4%	-3%	-3%	-3%	-3%	-16%
Total Net Return (%)	-4%	-3%	3%	9%	13%	18%