	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,648	£12,838	£13,159	£13,488	£13,892	£66,024
Total Expenses	£14,175	£14,240	£14,315	£14,392	£14,475	£71,599
Profit Before Tax	£-1,527	£-1,403	£-1,157	£-905	£-583	£-5,575
Profit After Tax	£-1,527	£-1,403	£-1,157	£-905	£-583	£-5,575
Change In Property Value	£3	£3	£5,500	£9,818	£13,065	£28,388
Net Return	£-1,525	£-1,400	£4,343	£8,913	£12,481	£22,813
Return From Rental Income (%)	-2%	-2%	-1%	-1%	-1%	-7%
Total Net Return (%)	-2%	-2%	5%	11%	15%	27%