	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£21,372	£21,693	£22,235	£22,791	£23,474	£111,565
Total Expenses	£22,983	£23,061	£23,158	£23,258	£23,369	£115,828
Profit Before Tax	£-1,611	£-1,368	£-923	£-467	£106	£-4,263
Profit After Tax	£-1,611	£-1,368	£-923	£-467	£106	£-4,263
Change In Property Value	£5	£5	£9,500	£16,958	£22,566	£49,034
Net Return	£-1,606	£-1,364	£8,577	£16,491	£22,672	£44,770
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	-1%	-1%	6%	11%	15%	29%