	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£15,012	£15,237	£15,466	£15,852	£16,249	£77,816
Total Expenses	£16,210	£16,283	£16,347	£16,427	£16,509	£81,777
Profit Before Tax	£-1,198	£-1,046	£-881	£-575	£-261	£-3,961
Profit After Tax	£-1,198	£-1,046	£-881	£-575	£-261	£-3,961
Change In Property Value	£4	£7,900	£14,102	£18,765	£13,073	£53,844
Net Return	£-1,194	£6,854	£13,221	£18,190	£12,812	£49,884
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	-1%	5%	10%	14%	10%	39%