	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£10,452	£10,609	£10,768	£11,037	£11,313	£54,179
Total Expenses	£11,893	£11,959	£12,016	£12,085	£12,155	£60,108
Profit Before Tax	£-1,441	£-1,350	£-1,248	£-1,048	£-842	£-5,929
Profit After Tax	£-1,441	£-1,350	£-1,248	£-1,048	£-842	£-5,929
Change In Property Value	£3	£5,500	£9,818	£13,064	£9,102	£37,486
Net Return	£-1,439	£4,150	£8,570	£12,017	£8,260	£31,557
Return From Rental Income (%)	-2%	-2%	-1%	-1%	-1%	-7%
Total Net Return (%)	-2%	5%	10%	14%	10%	37%