	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£9,000	£9,135	£9,363	£9,597	£9,885	£46,981
Total Expenses	£10,042	£10,101	£10,167	£10,234	£10,306	£50,849
Profit Before Tax	£-1,042	£-966	£-803	£-637	£-420	£-3,868
Profit After Tax	£-1,042	£-966	£-803	£-637	£-420	£-3,868
Change In Property Value	£1,800	£1,818	£5,509	£7,565	£8,851	£25,543
Net Return	£759	£852	£4,705	£6,928	£8,431	£21,675
Return From Rental Income (%)	-2%	-2%	-1%	-1%	-1%	-7%
Total Net Return (%)	1%	2%	9%	13%	15%	39%