	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£7,920	£8,039	£8,240	£8,446	£8,699	£41,343
Total Expenses	£9,934	£9,991	£10,054	£10,119	£10,187	£50,285
Profit Before Tax	£-2,014	£-1,953	£-1,815	£-1,673	£-1,488	£-8,942
Profit After Tax	£-2,014	£-1,953	£-1,815	£-1,673	£-1,488	£-8,942
Change In Property Value	£2	£2	£3,600	£6,426	£8,551	£18,581
Net Return	£-2,012	£-1,951	£1,785	£4,753	£7,064	£9,639
Return From Rental Income (%)	-4%	-4%	-3%	-3%	-3%	-16%
Total Net Return (%)	-4%	-4%	3%	9%	13%	18%