	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£8,580	£8,709	£8,926	£9,150	£9,424	£44,789
Total Expenses	£11,587	£11,645	£11,710	£11,776	£11,846	£58,565
Profit Before Tax	£-3,007	£-2,937	£-2,784	£-2,627	£-2,422	£-13,776
Profit After Tax	£-3,007	£-2,937	£-2,784	£-2,627	£-2,422	£-13,776
Change In Property Value	£2	£2	£4,400	£7,854	£10,452	£22,710
Net Return	£-3,004	£-2,934	£1,616	£5,227	£8,029	£8,934
Return From Rental Income (%)	-4%	-4%	-4%	-4%	-4%	-21%
Total Net Return (%)	-4%	-4%	2%	8%	12%	13%