	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£21,156	£21,473	£22,010	£22,560	£23,237	£110,437
Total Expenses	£22,763	£22,841	£22,937	£23,036	£23,146	£114,723
Profit Before Tax	£-1,607	£-1,367	£-927	£-476	£91	£-4,286
Profit After Tax	£-1,607	£-1,367	£-927	£-476	£91	£-4,286
Change In Property Value	£5	£5	£9,400	£16,779	£22,329	£48,517
Net Return	£-1,602	£-1,363	£8,473	£16,304	£22,419	£44,231
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	-1%	-1%	6%	11%	15%	29%