	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£8,004	£8,124	£8,327	£8,535	£8,791	£41,782
Total Expenses	£12,719	£12,777	£12,840	£12,905	£12,973	£64,215
Profit Before Tax	£-4,715	£-4,653	£-4,513	£-4,370	£-4,182	£-22,433
Profit After Tax	£-4,715	£-4,653	£-4,513	£-4,370	£-4,182	£-22,433
Change In Property Value	£3	£3	£5,000	£8,925	£11,877	£25,807
Net Return	£-4,713	£-4,651	£487	£4,555	£7,695	£3,374
Return From Rental Income (%)	-6%	-6%	-6%	-6%	-6%	-30%
Total Net Return (%)	-6%	-6%	1%	6%	10%	4%