	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,828	£13,020	£13,346	£13,680	£14,090	£66,964
Total Expenses	£14,590	£14,655	£14,731	£14,808	£14,892	£73,677
Profit Before Tax	£-1,762	£-1,635	£-1,385	£-1,129	£-802	£-6,713
Profit After Tax	£-1,762	£-1,635	£-1,385	£-1,129	£-802	£-6,713
Change In Property Value	£3	£3	£5,700	£10,175	£13,540	£29,420
Net Return	£-1,759	£-1,632	£4,315	£9,046	£12,738	£22,708
Return From Rental Income (%)	-2%	-2%	-2%	-1%	-1%	-8%
Total Net Return (%)	-2%	-2%	5%	10%	14%	26%