	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£7,476	£7,588	£7,778	£7,972	£8,211	£39,026
Total Expenses	£11,476	£11,533	£11,595	£11,659	£11,725	£57,988
Profit Before Tax	£-4,000	£-3,945	£-3,817	£-3,686	£-3,514	£-18,963
Profit After Tax	£-4,000	£-3,945	£-3,817	£-3,686	£-3,514	£-18,963
Change In Property Value	£2	£2	£4,400	£7,854	£10,452	£22,710
Net Return	£-3,998	£-3,943	£583	£4,168	£6,938	£3,748
Return From Rental Income (%)	-6%	-6%	-6%	-6%	-5%	-28%
Total Net Return (%)	-6%	-6%	1%	6%	10%	6%