	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£9,096	£9,232	£9,463	£9,700	£9,991	£47,482
Total Expenses	£9,853	£9,912	£9,978	£10,046	£10,118	£49,907
Profit Before Tax	£-757	£-680	£-515	£-346	£-127	£-2,425
Profit After Tax	£-757	£-680	£-515	£-346	£-127	£-2,425
Change In Property Value	£2	£2	£3,500	£6,248	£8,314	£18,065
Net Return	£-755	£-678	£2,985	£5,902	£8,187	£15,640
Return From Rental Income (%)	-1%	-1%	-1%	-1%	0%	-5%
Total Net Return (%)	-1%	-1%	6%	11%	15%	29%