	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£19,668	£19,963	£20,462	£20,974	£21,603	£102,670
Total Expenses	£21,305	£21,380	£21,473	£21,568	£21,674	£107,400
Profit Before Tax	£-1,637	£-1,417	£-1,011	£-595	£-71	£-4,730
Profit After Tax	£-1,637	£-1,417	£-1,011	£-595	£-71	£-4,730
Change In Property Value	£4	£4	£8,740	£15,601	£20,761	£45,111
Net Return	£-1,632	£-1,413	£7,729	£15,007	£20,690	£40,380
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	-1%	-1%	5%	11%	15%	29%