	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£20,700	£21,010	£21,536	£22,074	£22,736	£108,057
Total Expenses	£22,321	£22,398	£22,493	£22,591	£22,700	£112,501
Profit Before Tax	£-1,621	£-1,387	£-957	£-517	£37	£-4,445
Profit After Tax	£-1,621	£-1,387	£-957	£-517	£37	£-4,445
Change In Property Value	£5	£5	£9,200	£16,422	£21,853	£47,485
Net Return	£-1,616	£-1,382	£8,243	£15,906	£21,890	£43,040
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	-1%	-1%	6%	11%	15%	29%