	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£10,080	£10,231	£10,385	£10,644	£10,910	£52,251
Total Expenses	£10,730	£10,795	£10,851	£10,919	£10,989	£54,284
Profit Before Tax	£-650	£-564	£-467	£-275	£-78	£-2,034
Profit After Tax	£-650	£-564	£-467	£-275	£-78	£-2,034
Change In Property Value	£2	£4,800	£8,568	£11,402	£7,943	£32,715
Net Return	£-648	£4,236	£8,101	£11,127	£7,865	£30,682
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	-1%	6%	11%	15%	11%	42%