	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£14,256	£14,470	£14,687	£15,054	£15,430	£73,897
Total Expenses	£15,491	£15,563	£15,625	£15,704	£15,784	£78,167
Profit Before Tax	£-1,235	£-1,093	£-938	£-650	£-354	£-4,270
Profit After Tax	£-1,235	£-1,093	£-938	£-650	£-354	£-4,270
Change In Property Value	£4	£7,500	£13,388	£17,815	£12,411	£51,118
Net Return	£-1,231	£6,407	£12,449	£17,165	£12,057	£46,848
Return From Rental Income (%)	-1%	-1%	-1%	-1%	0%	-4%
Total Net Return (%)	-1%	5%	10%	14%	10%	39%