	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£8,820	£8,952	£9,176	£9,406	£9,688	£46,042
Total Expenses	£11,412	£11,471	£11,537	£11,604	£11,674	£57,698
Profit Before Tax	£-2,592	£-2,519	£-2,361	£-2,198	£-1,987	£-11,656
Profit After Tax	£-2,592	£-2,519	£-2,361	£-2,198	£-1,987	£-11,656
Change In Property Value	£2	£2	£4,300	£7,676	£10,214	£22,194
Net Return	£-2,590	£-2,517	£1,939	£5,478	£8,227	£10,538
Return From Rental Income (%)	-4%	-4%	-4%	-3%	-3%	-18%
Total Net Return (%)	-4%	-4%	3%	8%	13%	16%