	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£13,500	£13,703	£14,045	£14,396	£14,828	£70,472
Total Expenses	£15,251	£15,317	£15,394	£15,473	£15,559	£76,993
Profit Before Tax	£-1,751	£-1,614	£-1,349	£-1,077	£-731	£-6,521
Profit After Tax	£-1,751	£-1,614	£-1,349	£-1,077	£-731	£-6,521
Change In Property Value	£3	£3	£5,999	£10,708	£14,250	£30,963
Net Return	£-1,748	£-1,611	£4,650	£9,632	£13,519	£24,442
Return From Rental Income (%)	-2%	-2%	-1%	-1%	-1%	-7%
Total Net Return (%)	-2%	-2%	5%	10%	14%	26%