	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£3,420	£3,471	£3,558	£3,647	£3,756	£17,853
Total Expenses	£5,496	£5,547	£5,599	£5,652	£5,705	£27,999
Profit Before Tax	£-2,076	£-2,076	£-2,041	£-2,005	£-1,949	£-10,147
Profit After Tax	£-2,076	£-2,076	£-2,041	£-2,005	£-1,949	£-10,147
Change In Property Value	£1	£1	£1,590	£2,838	£3,777	£8,207
Net Return	£-2,075	£-2,075	£-451	£834	£1,828	£-1,940
Return From Rental Income (%)	-8%	-8%	-8%	-8%	-8%	-41%
Total Net Return (%)	-8%	-8%	-2%	3%	7%	-8%