	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£23,628	£23,982	£24,582	£25,197	£25,952	£123,341
Total Expenses	£25,192	£25,274	£25,377	£25,482	£25,600	£126,924
Profit Before Tax	£-1,564	£-1,291	£-795	£-285	£352	£-3,583
Profit After Tax	£-1,564	£-1,291	£-795	£-285	£352	£-3,583
Change In Property Value	£5	£5	£10,500	£18,743	£24,941	£54,195
Net Return	£-1,559	£-1,286	£9,706	£18,458	£25,294	£50,612
Return From Rental Income (%)	-1%	-1%	0%	0%	0%	-2%
Total Net Return (%)	-1%	-1%	6%	11%	15%	29%