	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£7,584	£7,698	£7,890	£8,087	£8,330	£39,590
Total Expenses	£10,098	£10,156	£10,218	£10,281	£10,348	£51,101
Profit Before Tax	£-2,514	£-2,458	£-2,328	£-2,194	£-2,018	£-11,512
Profit After Tax	£-2,514	£-2,458	£-2,328	£-2,194	£-2,018	£-11,512
Change In Property Value	£2	£2	£3,700	£6,605	£8,789	£19,097
Net Return	£-2,512	£-2,456	£1,372	£4,411	£6,771	£7,585
Return From Rental Income (%)	-4%	-4%	-4%	-4%	-4%	-20%
Total Net Return (%)	-4%	-4%	2%	8%	12%	13%