	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£7,140	£7,247	£7,428	£7,614	£7,842	£37,272
Total Expenses	£9,459	£9,515	£9,577	£9,639	£9,704	£47,894
Profit Before Tax	£-2,319	£-2,268	£-2,148	£-2,025	£-1,862	£-10,622
Profit After Tax	£-2,319	£-2,268	£-2,148	£-2,025	£-1,862	£-10,622
Change In Property Value	£2	£2	£3,400	£6,069	£8,076	£17,549
Net Return	£-2,317	£-2,267	£1,252	£4,044	£6,214	£6,926
Return From Rental Income (%)	-4%	-4%	-4%	-4%	-4%	-20%
Total Net Return (%)	-4%	-4%	2%	8%	12%	13%