	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£18,456	£18,733	£19,201	£19,681	£20,272	£96,343
Total Expenses	£20,112	£20,186	£20,276	£20,368	£20,469	£101,411
Profit Before Tax	£-1,656	£-1,453	£-1,075	£-687	£-198	£-5,068
Profit After Tax	£-1,656	£-1,453	£-1,075	£-687	£-198	£-5,068
Change In Property Value	£4	£4	£8,200	£14,637	£19,478	£42,324
Net Return	£-1,652	£-1,449	£7,125	£13,951	£19,280	£37,255
Return From Rental Income (%)	-1%	-1%	-1%	-1%	0%	-4%
Total Net Return (%)	-1%	-1%	5%	11%	15%	28%