	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£9,168	£9,306	£9,445	£9,681	£9,923	£47,523
Total Expenses	£10,478	£10,542	£10,597	£10,662	£10,729	£53,007
Profit Before Tax	£-1,310	£-1,236	£-1,152	£-981	£-806	£-5,484
Profit After Tax	£-1,310	£-1,236	£-1,152	£-981	£-806	£-5,484
Change In Property Value	£2	£4,700	£8,390	£11,164	£7,778	£32,034
Net Return	£-1,308	£3,464	£7,238	£10,183	£6,972	£26,550
Return From Rental Income (%)	-2%	-2%	-2%	-1%	-1%	-8%
Total Net Return (%)	-2%	5%	10%	14%	10%	37%