	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£8,400	£8,526	£8,739	£8,958	£9,226	£43,849
Total Expenses	£13,949	£14,008	£14,072	£14,138	£14,207	£70,373
Profit Before Tax	£-5,549	£-5,482	£-5,333	£-5,180	£-4,981	£-26,524
Profit After Tax	£-5,549	£-5,482	£-5,333	£-5,180	£-4,981	£-26,524
Change In Property Value	£3	£3	£5,600	£9,996	£13,302	£28,904
Net Return	£-5,546	£-5,479	£267	£4,816	£8,321	£2,380
Return From Rental Income (%)	-6%	-6%	-6%	-6%	-6%	-31%
Total Net Return (%)	-6%	-6%	0%	6%	10%	3%