	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£9,204	£9,342	£9,576	£9,815	£10,109	£48,046
Total Expenses	£10,855	£10,915	£10,982	£11,049	£11,121	£54,923
Profit Before Tax	£-1,651	£-1,573	£-1,406	£-1,234	£-1,012	£-6,877
Profit After Tax	£-1,651	£-1,573	£-1,406	£-1,234	£-1,012	£-6,877
Change In Property Value	£2,000	£2,020	£6,121	£8,406	£9,835	£28,381
Net Return	£349	£447	£4,715	£7,171	£8,823	£21,504
Return From Rental Income (%)	-3%	-3%	-2%	-2%	-2%	-11%
Total Net Return (%)	1%	1%	8%	12%	14%	35%