	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£10,500	£10,657	£10,924	£11,197	£11,533	£54,811
Total Expenses	£17,928	£17,990	£18,059	£18,131	£18,207	£90,315
Profit Before Tax	£-7,428	£-7,332	£-7,136	£-6,934	£-6,674	£-35,504
Profit After Tax	£-7,428	£-7,332	£-7,136	£-6,934	£-6,674	£-35,504
Change In Property Value	£4	£4	£7,500	£13,388	£17,815	£38,711
Net Return	£-7,424	£-7,329	£365	£6,454	£11,141	£3,207
Return From Rental Income (%)	-6%	-6%	-6%	-6%	-6%	-30%
Total Net Return (%)	-6%	-6%	0%	5%	9%	3%