	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£13,020	£13,215	£13,546	£13,884	£14,301	£67,966
Total Expenses	£21,751	£21,816	£21,892	£21,970	£22,054	£109,484
Profit Before Tax	£-8,731	£-8,601	£-8,347	£-8,086	£-7,754	£-41,518
Profit After Tax	£-8,731	£-8,601	£-8,347	£-8,086	£-7,754	£-41,518
Change In Property Value	£5	£5	£9,300	£16,601	£22,091	£48,001
Net Return	£-8,726	£-8,596	£953	£8,515	£14,337	£6,483
Return From Rental Income (%)	-6%	-6%	-6%	-5%	-5%	-27%
Total Net Return (%)	-6%	-6%	1%	6%	9%	4%