	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£8,400	£8,526	£8,739	£8,958	£9,226	£43,849
Total Expenses	£10,775	£10,834	£10,898	£10,964	£11,033	£54,503
Profit Before Tax	£-2,375	£-2,308	£-2,159	£-2,006	£-1,807	£-10,654
Profit After Tax	£-2,375	£-2,308	£-2,159	£-2,006	£-1,807	£-10,654
Change In Property Value	£2	£2	£4,000	£7,140	£9,501	£20,646
Net Return	£-2,373	£-2,306	£1,841	£5,134	£7,695	£9,992
Return From Rental Income (%)	-4%	-4%	-4%	-3%	-3%	-17%
Total Net Return (%)	-4%	-4%	3%	8%	13%	16%