	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,324	£12,509	£12,822	£13,142	£13,536	£64,333
Total Expenses	£20,689	£20,754	£20,828	£20,904	£20,986	£104,162
Profit Before Tax	£-8,365	£-8,245	£-8,007	£-7,762	£-7,450	£-39,829
Profit After Tax	£-8,365	£-8,245	£-8,007	£-7,762	£-7,450	£-39,829
Change In Property Value	£4	£4	£8,800	£15,708	£20,903	£45,421
Net Return	£-8,361	£-8,241	£794	£7,946	£13,454	£5,592
Return From Rental Income (%)	-6%	-6%	-6%	-5%	-5%	-28%
Total Net Return (%)	-6%	-6%	1%	6%	9%	4%