	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£13,872	£14,080	£14,291	£14,649	£15,015	£71,907
Total Expenses	£15,131	£15,202	£15,264	£15,342	£15,421	£76,359
Profit Before Tax	£-1,259	£-1,122	£-973	£-693	£-406	£-4,453
Profit After Tax	£-1,259	£-1,122	£-973	£-693	£-406	£-4,453
Change In Property Value	£4	£7,300	£13,031	£17,340	£12,080	£49,755
Net Return	£-1,255	£6,178	£12,058	£16,647	£11,674	£45,302
Return From Rental Income (%)	-1%	-1%	-1%	-1%	0%	-4%
Total Net Return (%)	-1%	5%	10%	14%	10%	39%