	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,984	£13,179	£13,508	£13,846	£14,261	£67,778
Total Expenses	£13,812	£13,878	£13,954	£14,031	£14,115	£69,790
Profit Before Tax	£-828	£-699	£-445	£-185	£146	£-2,012
Profit After Tax	£-828	£-699	£-445	£-185	£146	£-2,012
Change In Property Value	£3	£3	£5,300	£9,461	£12,589	£27,356
Net Return	£-826	£-696	£4,855	£9,275	£12,735	£25,343
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-2%
Total Net Return (%)	-1%	-1%	6%	11%	16%	31%