	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,144	£12,326	£12,634	£12,950	£13,339	£63,393
Total Expenses	£13,926	£13,991	£14,064	£14,140	£14,221	£70,343
Profit Before Tax	£-1,782	£-1,665	£-1,430	£-1,190	£-883	£-6,950
Profit After Tax	£-1,782	£-1,665	£-1,430	£-1,190	£-883	£-6,950
Change In Property Value	£3	£3	£5,400	£9,639	£12,827	£27,871
Net Return	£-1,780	£-1,662	£3,970	£8,449	£11,944	£20,922
Return From Rental Income (%)	-2%	-2%	-2%	-1%	-1%	-8%
Total Net Return (%)	-2%	-2%	5%	10%	14%	25%