	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£8,976	£9,111	£9,247	£9,478	£9,715	£46,528
Total Expenses	£10,298	£10,361	£10,416	£10,481	£10,547	£52,103
Profit Before Tax	£-1,322	£-1,251	£-1,169	£-1,002	£-832	£-5,575
Profit After Tax	£-1,322	£-1,251	£-1,169	£-1,002	£-832	£-5,575
Change In Property Value	£2	£4,600	£8,211	£10,927	£7,612	£31,352
Net Return	£-1,320	£3,349	£7,042	£9,924	£6,780	£25,777
Return From Rental Income (%)	-2%	-2%	-2%	-1%	-1%	-8%
Total Net Return (%)	-2%	5%	10%	14%	10%	37%