	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£13,272	£13,471	£13,808	£14,153	£14,578	£69,282
Total Expenses	£15,031	£15,097	£15,174	£15,252	£15,337	£75,892
Profit Before Tax	£-1,759	£-1,626	£-1,366	£-1,099	£-760	£-6,610
Profit After Tax	£-1,759	£-1,626	£-1,366	£-1,099	£-760	£-6,610
Change In Property Value	£3	£3	£5,900	£10,532	£14,015	£30,452
Net Return	£-1,756	£-1,623	£4,534	£9,433	£13,255	£23,842
Return From Rental Income (%)	-2%	-2%	-1%	-1%	-1%	-7%
Total Net Return (%)	-2%	-2%	5%	10%	14%	26%