	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£5,520	£5,603	£5,743	£5,886	£6,063	£28,815
Total Expenses	£7,313	£7,367	£7,424	£7,482	£7,543	£37,130
Profit Before Tax	£-1,793	£-1,764	£-1,681	£-1,596	£-1,480	£-8,315
Profit After Tax	£-1,793	£-1,764	£-1,681	£-1,596	£-1,480	£-8,315
Change In Property Value	£1	£1	£2,400	£4,284	£5,701	£12,387
Net Return	£-1,792	£-1,763	£719	£2,688	£4,221	£4,073
Return From Rental Income (%)	-5%	-5%	-5%	-4%	-4%	-22%
Total Net Return (%)	-5%	-5%	2%	7%	11%	11%