	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£8,364	£8,489	£8,702	£8,919	£9,187	£43,661
Total Expenses	£10,375	£10,433	£10,497	£10,563	£10,632	£52,501
Profit Before Tax	£-2,011	£-1,944	£-1,796	£-1,644	£-1,446	£-8,839
Profit After Tax	£-2,011	£-1,944	£-1,796	£-1,644	£-1,446	£-8,839
Change In Property Value	£2	£2	£3,800	£6,783	£9,026	£19,613
Net Return	£-2,009	£-1,942	£2,004	£5,139	£7,581	£10,774
Return From Rental Income (%)	-3%	-3%	-3%	-3%	-2%	-15%
Total Net Return (%)	-3%	-3%	3%	9%	13%	19%