	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£11,796	£11,973	£12,153	£12,456	£12,768	£61,146
Total Expenses	£12,671	£12,739	£12,798	£12,870	£12,944	£64,022
Profit Before Tax	£-875	£-766	£-645	£-414	£-176	£-2,876
Profit After Tax	£-875	£-766	£-645	£-414	£-176	£-2,876
Change In Property Value	£3	£5,900	£10,532	£14,015	£9,763	£40,213
Net Return	£-872	£5,134	£9,886	£13,601	£9,587	£37,336
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	-1%	6%	11%	15%	10%	41%