	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£8,328	£8,453	£8,664	£8,881	£9,147	£43,473
Total Expenses	£10,173	£10,231	£10,295	£10,361	£10,430	£51,490
Profit Before Tax	£-1,845	£-1,778	£-1,631	£-1,480	£-1,283	£-8,017
Profit After Tax	£-1,845	£-1,778	£-1,631	£-1,480	£-1,283	£-8,017
Change In Property Value	£2	£2	£3,700	£6,605	£8,789	£19,097
Net Return	£-1,843	£-1,776	£2,069	£5,125	£7,506	£11,081
Return From Rental Income (%)	-3%	-3%	-3%	-3%	-2%	-14%
Total Net Return (%)	-3%	-3%	4%	9%	13%	20%