	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,600	£12,789	£13,109	£13,436	£13,840	£65,774
Total Expenses	£21,114	£21,179	£21,254	£21,330	£21,413	£106,289
Profit Before Tax	£-8,514	£-8,390	£-8,145	£-7,894	£-7,574	£-40,516
Profit After Tax	£-8,514	£-8,390	£-8,145	£-7,894	£-7,574	£-40,516
Change In Property Value	£5	£5	£9,000	£16,065	£21,378	£46,453
Net Return	£-8,509	£-8,385	£855	£8,172	£13,805	£5,937
Return From Rental Income (%)	-6%	-6%	-6%	-5%	-5%	-28%
Total Net Return (%)	-6%	-6%	1%	6%	9%	4%