	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£21,516	£21,839	£22,385	£22,944	£23,633	£112,316
Total Expenses	£23,116	£23,195	£23,292	£23,392	£23,503	£116,498
Profit Before Tax	£-1,600	£-1,356	£-907	£-448	£129	£-4,182
Profit After Tax	£-1,600	£-1,356	£-907	£-448	£129	£-4,182
Change In Property Value	£5	£5	£9,560	£17,065	£22,709	£49,343
Net Return	£-1,595	£-1,351	£8,653	£16,617	£22,838	£45,162
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	-1%	-1%	6%	11%	15%	29%