	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£7,872	£7,990	£8,190	£8,395	£8,646	£41,093
Total Expenses	£9,730	£9,788	£9,851	£9,915	£9,983	£49,268
Profit Before Tax	£-1,858	£-1,798	£-1,661	£-1,521	£-1,337	£-8,175
Profit After Tax	£-1,858	£-1,798	£-1,661	£-1,521	£-1,337	£-8,175
Change In Property Value	£2	£2	£3,500	£6,248	£8,314	£18,065
Net Return	£-1,857	£-1,796	£1,839	£4,727	£6,977	£9,890
Return From Rental Income (%)	-3%	-3%	-3%	-3%	-2%	-15%
Total Net Return (%)	-3%	-3%	3%	9%	13%	18%