	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£13,716	£13,922	£14,270	£14,627	£15,065	£71,599
Total Expenses	£14,481	£14,547	£14,625	£14,704	£14,791	£73,148
Profit Before Tax	£-765	£-625	£-355	£-78	£274	£-1,549
Profit After Tax	£-765	£-625	£-355	£-78	£274	£-1,549
Change In Property Value	£3	£3	£5,600	£9,996	£13,302	£28,904
Net Return	£-762	£-623	£5,245	£9,918	£13,576	£27,355
Return From Rental Income (%)	-1%	-1%	0%	0%	0%	-2%
Total Net Return (%)	-1%	-1%	6%	11%	16%	32%