	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,144	£12,326	£12,634	£12,950	£13,339	£63,393
Total Expenses	£13,925	£13,989	£14,063	£14,138	£14,220	£70,334
Profit Before Tax	£-1,781	£-1,663	£-1,428	£-1,188	£-881	£-6,941
Profit After Tax	£-1,781	£-1,663	£-1,428	£-1,188	£-881	£-6,941
Change In Property Value	£3	£3	£5,399	£9,637	£12,825	£27,867
Net Return	£-1,778	£-1,660	£3,971	£8,449	£11,944	£20,926
Return From Rental Income (%)	-2%	-2%	-2%	-1%	-1%	-8%
Total Net Return (%)	-2%	-2%	5%	10%	14%	25%