	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£10,068	£10,219	£10,372	£10,632	£10,897	£52,188
Total Expenses	£11,533	£11,598	£11,655	£11,722	£11,792	£58,300
Profit Before Tax	£-1,465	£-1,379	£-1,282	£-1,091	£-894	£-6,112
Profit After Tax	£-1,465	£-1,379	£-1,282	£-1,091	£-894	£-6,112
Change In Property Value	£3	£5,300	£9,461	£12,589	£8,771	£36,123
Net Return	£-1,463	£3,921	£8,178	£11,499	£7,876	£30,012
Return From Rental Income (%)	-2%	-2%	-2%	-1%	-1%	-8%
Total Net Return (%)	-2%	5%	10%	14%	10%	37%