	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£14,400	£14,616	£14,981	£15,356	£15,817	£75,170
Total Expenses	£16,134	£16,202	£16,281	£16,362	£16,451	£81,430
Profit Before Tax	£-1,734	£-1,586	£-1,300	£-1,007	£-635	£-6,260
Profit After Tax	£-1,734	£-1,586	£-1,300	£-1,007	£-635	£-6,260
Change In Property Value	£3	£3	£6,399	£11,422	£15,200	£33,028
Net Return	£-1,731	£-1,582	£5,099	£10,416	£14,565	£26,768
Return From Rental Income (%)	-2%	-2%	-1%	-1%	-1%	-6%
Total Net Return (%)	-2%	-2%	5%	10%	14%	27%