	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£14,064	£14,275	£14,489	£14,851	£15,223	£72,902
Total Expenses	£15,310	£15,381	£15,443	£15,521	£15,601	£77,255
Profit Before Tax	£-1,246	£-1,106	£-954	£-670	£-378	£-4,353
Profit After Tax	£-1,246	£-1,106	£-954	£-670	£-378	£-4,353
Change In Property Value	£4	£7,399	£13,207	£17,575	£12,244	£50,429
Net Return	£-1,242	£6,293	£12,253	£16,905	£11,866	£46,076
Return From Rental Income (%)	-1%	-1%	-1%	-1%	0%	-4%
Total Net Return (%)	-1%	5%	10%	14%	10%	39%