	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£14,856	£15,079	£15,456	£15,842	£16,317	£77,550
Total Expenses	£16,578	£16,647	£16,727	£16,810	£16,900	£83,662
Profit Before Tax	£-1,722	£-1,568	£-1,271	£-968	£-583	£-6,112
Profit After Tax	£-1,722	£-1,568	£-1,271	£-968	£-583	£-6,112
Change In Property Value	£3	£3	£6,600	£11,781	£15,677	£34,065
Net Return	£-1,719	£-1,564	£5,329	£10,814	£15,095	£27,954
Return From Rental Income (%)	-2%	-2%	-1%	-1%	-1%	-6%
Total Net Return (%)	-2%	-2%	5%	10%	15%	27%