	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£8,196	£8,319	£8,527	£8,740	£9,002	£42,784
Total Expenses	£10,755	£10,813	£10,877	£10,942	£11,011	£54,397
Profit Before Tax	£-2,559	£-2,494	£-2,350	£-2,202	£-2,008	£-11,612
Profit After Tax	£-2,559	£-2,494	£-2,350	£-2,202	£-2,008	£-11,612
Change In Property Value	£2	£2	£4,000	£7,140	£9,501	£20,646
Net Return	£-2,557	£-2,492	£1,650	£4,938	£7,493	£9,033
Return From Rental Income (%)	-4%	-4%	-4%	-4%	-3%	-19%
Total Net Return (%)	-4%	-4%	3%	8%	12%	15%