	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,156	£12,338	£12,647	£12,963	£13,352	£63,456
Total Expenses	£13,928	£13,992	£14,066	£14,141	£14,223	£70,350
Profit Before Tax	£-1,772	£-1,654	£-1,419	£-1,178	£-871	£-6,894
Profit After Tax	£-1,772	£-1,654	£-1,419	£-1,178	£-871	£-6,894
Change In Property Value	£3	£3	£5,400	£9,639	£12,827	£27,872
Net Return	£-1,769	£-1,651	£3,981	£8,461	£11,956	£20,978
Return From Rental Income (%)	-2%	-2%	-2%	-1%	-1%	-8%
Total Net Return (%)	-2%	-2%	5%	10%	14%	25%