	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£7,356	£7,466	£7,653	£7,844	£8,080	£38,399
Total Expenses	£9,084	£9,141	£9,202	£9,265	£9,331	£46,023
Profit Before Tax	£-1,728	£-1,674	£-1,549	£-1,421	£-1,252	£-7,624
Profit After Tax	£-1,728	£-1,674	£-1,549	£-1,421	£-1,252	£-7,624
Change In Property Value	£2	£2	£3,200	£5,712	£7,601	£16,517
Net Return	£-1,726	£-1,673	£1,651	£4,291	£6,349	£8,893
Return From Rental Income (%)	-4%	-3%	-3%	-3%	-3%	-16%
Total Net Return (%)	-4%	-3%	3%	9%	13%	18%