	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£6,144	£6,236	£6,392	£6,552	£6,748	£32,073
Total Expenses	£8,566	£8,621	£8,679	£8,739	£8,802	£43,407
Profit Before Tax	£-2,422	£-2,385	£-2,287	£-2,187	£-2,053	£-11,334
Profit After Tax	£-2,422	£-2,385	£-2,287	£-2,187	£-2,053	£-11,334
Change In Property Value	£2	£2	£3,000	£5,355	£7,126	£15,484
Net Return	£-2,420	£-2,383	£713	£3,168	£5,073	£4,150
Return From Rental Income (%)	-5%	-5%	-5%	-5%	-4%	-25%
Total Net Return (%)	-5%	-5%	2%	7%	11%	9%