	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£5,064	£5,140	£5,268	£5,400	£5,562	£26,435
Total Expenses	£6,871	£6,924	£6,980	£7,037	£7,096	£34,908
Profit Before Tax	£-1,807	£-1,784	£-1,712	£-1,637	£-1,534	£-8,473
Profit After Tax	£-1,807	£-1,784	£-1,712	£-1,637	£-1,534	£-8,473
Change In Property Value	£1	£1	£2,200	£3,927	£5,226	£11,355
Net Return	£-1,806	£-1,783	£488	£2,290	£3,692	£2,882
Return From Rental Income (%)	-5%	-5%	-5%	-5%	-5%	-25%
Total Net Return (%)	-5%	-5%	1%	7%	11%	8%