	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£13,596	£13,800	£14,007	£14,357	£14,716	£70,476
Total Expenses	£14,299	£14,369	£14,431	£14,508	£14,587	£72,194
Profit Before Tax	£-703	£-570	£-424	£-151	£129	£-1,718
Profit After Tax	£-703	£-570	£-424	£-151	£129	£-1,718
Change In Property Value	£3	£6,800	£12,138	£16,152	£11,253	£46,347
Net Return	£-700	£6,231	£11,714	£16,001	£11,382	£44,628
Return From Rental Income (%)	-1%	-1%	0%	0%	0%	-2%
Total Net Return (%)	-1%	6%	11%	15%	11%	42%