	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£14,628	£14,847	£15,070	£15,447	£15,833	£75,825
Total Expenses	£15,850	£15,922	£15,985	£16,065	£16,146	£79,969
Profit Before Tax	£-1,222	£-1,075	£-915	£-618	£-313	£-4,143
Profit After Tax	£-1,222	£-1,075	£-915	£-618	£-313	£-4,143
Change In Property Value	£4	£7,700	£13,745	£18,290	£12,742	£52,481
Net Return	£-1,218	£6,625	£12,829	£17,672	£12,429	£48,338
Return From Rental Income (%)	-1%	-1%	-1%	-1%	0%	-3%
Total Net Return (%)	-1%	5%	10%	14%	10%	39%