	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£22,272	£22,606	£23,171	£23,751	£24,463	£116,263
Total Expenses	£23,866	£23,946	£24,045	£24,147	£24,261	£120,265
Profit Before Tax	£-1,594	£-1,340	£-874	£-396	£202	£-4,002
Profit After Tax	£-1,594	£-1,340	£-874	£-396	£202	£-4,002
Change In Property Value	£5	£5	£9,900	£17,672	£23,516	£51,098
Net Return	£-1,589	£-1,335	£9,026	£17,275	£23,718	£47,096
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-2%
Total Net Return (%)	-1%	-1%	6%	11%	15%	29%