	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£9,504	£9,647	£9,791	£10,036	£10,287	£49,265
Total Expenses	£10,994	£11,058	£11,114	£11,180	£11,248	£55,595
Profit Before Tax	£-1,490	£-1,412	£-1,323	£-1,144	£-961	£-6,330
Profit After Tax	£-1,490	£-1,412	£-1,323	£-1,144	£-961	£-6,330
Change In Property Value	£3	£5,000	£8,925	£11,877	£8,274	£34,079
Net Return	£-1,488	£3,588	£7,602	£10,733	£7,313	£27,749
Return From Rental Income (%)	-2%	-2%	-2%	-2%	-1%	-8%
Total Net Return (%)	-2%	5%	10%	14%	10%	37%