	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£15,600	£15,834	£16,072	£16,473	£16,885	£80,864
Total Expenses	£16,430	£16,503	£16,568	£16,650	£16,734	£82,886
Profit Before Tax	£-830	£-669	£-497	£-177	£151	£-2,022
Profit After Tax	£-830	£-669	£-497	£-177	£151	£-2,022
Change In Property Value	£4	£8,000	£14,280	£19,003	£13,239	£54,526
Net Return	£-826	£7,331	£13,784	£18,826	£13,390	£52,504
Return From Rental Income (%)	-1%	-1%	0%	0%	0%	-2%
Total Net Return (%)	-1%	6%	11%	15%	10%	41%