	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£9,336	£9,476	£9,713	£9,956	£10,254	£48,735
Total Expenses	£11,166	£11,226	£11,293	£11,361	£11,433	£56,480
Profit Before Tax	£-1,830	£-1,750	£-1,580	£-1,405	£-1,179	£-7,744
Profit After Tax	£-1,830	£-1,750	£-1,580	£-1,405	£-1,179	£-7,744
Change In Property Value	£2	£2	£4,150	£7,408	£9,858	£21,420
Net Return	£-1,828	£-1,748	£2,570	£6,003	£8,679	£13,676
Return From Rental Income (%)	-3%	-3%	-2%	-2%	-2%	-12%
Total Net Return (%)	-3%	-3%	4%	9%	14%	22%