	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£13,236	£13,435	£13,770	£14,115	£14,538	£69,094
Total Expenses	£22,764	£22,830	£22,907	£22,985	£23,070	£114,556
Profit Before Tax	£-9,528	£-9,396	£-9,136	£-8,870	£-8,532	£-45,463
Profit After Tax	£-9,528	£-9,396	£-9,136	£-8,870	£-8,532	£-45,463
Change In Property Value	£5	£5	£9,800	£17,493	£23,279	£50,582
Net Return	£-9,523	£-9,391	£664	£8,623	£14,747	£5,119
Return From Rental Income (%)	-6%	-6%	-6%	-6%	-5%	-28%
Total Net Return (%)	-6%	-6%	0%	5%	9%	3%