	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£6,972	£7,077	£7,253	£7,435	£7,658	£36,395
Total Expenses	£8,847	£8,903	£8,964	£9,026	£9,091	£44,831
Profit Before Tax	£-1,875	£-1,827	£-1,710	£-1,591	£-1,433	£-8,436
Profit After Tax	£-1,875	£-1,827	£-1,710	£-1,591	£-1,433	£-8,436
Change In Property Value	£2	£2	£3,100	£5,534	£7,364	£16,000
Net Return	£-1,873	£-1,825	£1,390	£3,943	£5,931	£7,564
Return From Rental Income (%)	-4%	-4%	-4%	-3%	-3%	-18%
Total Net Return (%)	-4%	-4%	3%	8%	12%	16%