	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£13,092	£13,288	£13,621	£13,961	£14,380	£68,342
Total Expenses	£14,855	£14,920	£14,996	£15,074	£15,159	£75,005
Profit Before Tax	£-1,763	£-1,632	£-1,376	£-1,113	£-779	£-6,663
Profit After Tax	£-1,763	£-1,632	£-1,376	£-1,113	£-779	£-6,663
Change In Property Value	£3	£3	£5,820	£10,389	£13,825	£30,040
Net Return	£-1,760	£-1,629	£4,444	£9,276	£13,046	£23,377
Return From Rental Income (%)	-2%	-2%	-2%	-1%	-1%	-7%
Total Net Return (%)	-2%	-2%	5%	10%	14%	26%