	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£14,796	£15,018	£15,243	£15,624	£16,015	£76,696
Total Expenses	£15,384	£15,456	£15,520	£15,600	£15,682	£77,642
Profit Before Tax	£-588	£-438	£-277	£24	£333	£-946
Profit After Tax	£-588	£-438	£-277	£24	£333	£-946
Change In Property Value	£4	£7,400	£13,209	£17,577	£12,246	£50,436
Net Return	£-584	£6,962	£12,932	£17,602	£12,579	£49,490
Return From Rental Income (%)	0%	0%	0%	0%	0%	-1%
Total Net Return (%)	0%	6%	11%	15%	11%	42%