	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£14,784	£15,006	£15,231	£15,612	£16,002	£76,634
Total Expenses	£15,994	£16,067	£16,130	£16,210	£16,292	£80,693
Profit Before Tax	£-1,210	£-1,061	£-899	£-598	£-290	£-4,059
Profit After Tax	£-1,210	£-1,061	£-899	£-598	£-290	£-4,059
Change In Property Value	£4	£7,780	£13,887	£18,480	£12,875	£53,026
Net Return	£-1,207	£6,719	£12,988	£17,882	£12,585	£48,967
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	-1%	5%	10%	14%	10%	39%