	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£13,056	£13,252	£13,583	£13,923	£14,340	£68,154
Total Expenses	£14,811	£14,877	£14,953	£15,031	£15,115	£74,787
Profit Before Tax	£-1,755	£-1,625	£-1,370	£-1,108	£-775	£-6,633
Profit After Tax	£-1,755	£-1,625	£-1,370	£-1,108	£-775	£-6,633
Change In Property Value	£3	£3	£5,800	£10,353	£13,777	£29,936
Net Return	£-1,752	£-1,622	£4,430	£9,245	£13,002	£23,303
Return From Rental Income (%)	-2%	-2%	-2%	-1%	-1%	-7%
Total Net Return (%)	-2%	-2%	5%	10%	14%	26%