	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£6,024	£6,114	£6,267	£6,424	£6,617	£31,446
Total Expenses	£8,157	£8,212	£8,270	£8,330	£8,392	£41,360
Profit Before Tax	£-2,133	£-2,098	£-2,003	£-1,906	£-1,775	£-9,914
Profit After Tax	£-2,133	£-2,098	£-2,003	£-1,906	£-1,775	£-9,914
Change In Property Value	£1	£1	£2,800	£4,998	£6,651	£14,452
Net Return	£-2,131	£-2,096	£797	£3,092	£4,876	£4,538
Return From Rental Income (%)	-5%	-5%	-5%	-4%	-4%	-23%
Total Net Return (%)	-5%	-5%	2%	7%	11%	11%