	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£19,128	£19,415	£19,900	£20,398	£21,010	£99,851
Total Expenses	£20,775	£20,849	£20,941	£21,034	£21,138	£104,738
Profit Before Tax	£-1,647	£-1,434	£-1,041	£-637	£-129	£-4,887
Profit After Tax	£-1,647	£-1,434	£-1,041	£-637	£-129	£-4,887
Change In Property Value	£4,250	£4,293	£13,006	£17,862	£20,898	£60,309
Net Return	£2,603	£2,858	£11,966	£17,225	£20,770	£55,422
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-4%
Total Net Return (%)	2%	2%	9%	13%	15%	40%