	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,552	£12,740	£13,059	£13,385	£13,787	£65,523
Total Expenses	£14,325	£14,389	£14,464	£14,541	£14,623	£72,342
Profit Before Tax	£-1,773	£-1,649	£-1,405	£-1,155	£-837	£-6,819
Profit After Tax	£-1,773	£-1,649	£-1,405	£-1,155	£-837	£-6,819
Change In Property Value	£3	£3	£5,580	£9,960	£13,255	£28,801
Net Return	£-1,770	£-1,646	£4,175	£8,805	£12,418	£21,982
Return From Rental Income (%)	-2%	-2%	-2%	-1%	-1%	-8%
Total Net Return (%)	-2%	-2%	5%	10%	14%	26%