	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£11,004	£11,169	£11,337	£11,620	£11,911	£57,040
Total Expenses	£11,949	£12,015	£12,073	£12,143	£12,215	£60,394
Profit Before Tax	£-945	£-846	£-736	£-523	£-304	£-3,354
Profit After Tax	£-945	£-846	£-736	£-523	£-304	£-3,354
Change In Property Value	£3	£5,500	£9,818	£13,064	£9,102	£37,486
Net Return	£-942	£4,654	£9,081	£12,541	£8,797	£34,133
Return From Rental Income (%)	-1%	-1%	-1%	-1%	0%	-4%
Total Net Return (%)	-1%	5%	11%	15%	10%	40%