	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£14,652	£14,872	£15,244	£15,625	£16,093	£76,485
Total Expenses	£15,328	£15,396	£15,476	£15,558	£15,648	£77,406
Profit Before Tax	£-676	£-524	£-233	£67	£446	£-921
Profit After Tax	£-676	£-524	£-233	£67	£438	£-928
Change In Property Value	£3	£3	£5,980	£10,675	£14,205	£30,865
Net Return	£-673	£-521	£5,748	£10,741	£14,643	£29,937
Return From Rental Income (%)	-1%	-1%	0%	0%	0%	-1%
Total Net Return (%)	-1%	-1%	6%	12%	16%	32%