	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£20,028	£20,328	£20,837	£21,358	£21,998	£104,549
Total Expenses	£21,658	£21,734	£21,828	£21,924	£22,031	£109,175
Profit Before Tax	£-1,630	£-1,406	£-991	£-566	£-32	£-4,626
Profit After Tax	£-1,630	£-1,406	£-991	£-566	£-32	£-4,626
Change In Property Value	£4	£4	£8,900	£15,887	£21,141	£45,937
Net Return	£-1,626	£-1,401	£7,909	£15,320	£21,108	£41,311
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	-1%	-1%	5%	11%	15%	29%