	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£19,800	£20,097	£20,599	£21,114	£21,748	£103,359
Total Expenses	£21,437	£21,513	£21,606	£21,701	£21,807	£108,064
Profit Before Tax	£-1,637	£-1,416	£-1,006	£-587	£-59	£-4,705
Profit After Tax	£-1,637	£-1,416	£-1,006	£-587	£-59	£-4,705
Change In Property Value	£4	£4	£8,800	£15,708	£20,903	£45,421
Net Return	£-1,633	£-1,411	£7,794	£15,121	£20,844	£40,715
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	-1%	-1%	5%	11%	15%	29%