	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£24,072	£24,433	£25,044	£25,670	£26,440	£125,659
Total Expenses	£25,633	£25,715	£25,819	£25,926	£26,046	£129,140
Profit Before Tax	£-1,561	£-1,282	£-776	£-256	£394	£-3,481
Profit After Tax	£-1,561	£-1,282	£-776	£-256	£394	£-3,481
Change In Property Value	£5	£5	£10,700	£19,100	£25,416	£55,227
Net Return	£-1,556	£-1,277	£9,925	£18,844	£25,811	£51,747
Return From Rental Income (%)	-1%	-1%	0%	0%	0%	-2%
Total Net Return (%)	-1%	-1%	6%	11%	15%	29%