	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£11,472	£11,644	£11,935	£12,234	£12,601	£59,885
Total Expenses	£13,264	£13,328	£13,400	£13,473	£13,553	£67,017
Profit Before Tax	£-1,792	£-1,683	£-1,464	£-1,240	£-952	£-7,132
Profit After Tax	£-1,792	£-1,683	£-1,464	£-1,240	£-952	£-7,132
Change In Property Value	£3	£3	£5,100	£9,104	£12,114	£26,323
Net Return	£-1,790	£-1,681	£3,636	£7,864	£11,162	£19,191
Return From Rental Income (%)	-2%	-2%	-2%	-2%	-1%	-9%
Total Net Return (%)	-2%	-2%	5%	10%	14%	25%