	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£7,428	£7,539	£7,728	£7,921	£8,159	£38,775
Total Expenses	£9,289	£9,346	£9,408	£9,471	£9,538	£47,053
Profit Before Tax	£-1,861	£-1,807	£-1,680	£-1,550	£-1,379	£-8,277
Profit After Tax	£-1,861	£-1,807	£-1,680	£-1,550	£-1,379	£-8,277
Change In Property Value	£2	£2	£3,300	£5,891	£7,839	£17,033
Net Return	£-1,860	£-1,805	£1,620	£4,340	£6,460	£8,755
Return From Rental Income (%)	-4%	-4%	-3%	-3%	-3%	-16%
Total Net Return (%)	-4%	-4%	3%	9%	13%	17%