	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£30,804	£31,266	£32,048	£32,849	£33,834	£160,801
Total Expenses	£32,853	£32,945	£33,066	£33,190	£33,331	£165,386
Profit Before Tax	£-2,049	£-1,679	£-1,019	£-341	£503	£-4,585
Profit After Tax	£-2,049	£-1,679	£-1,019	£-341	£503	£-4,585
Change In Property Value	£7	£7	£14,000	£24,990	£33,255	£72,260
Net Return	£-2,042	£-1,672	£12,982	£24,649	£33,758	£67,675
Return From Rental Income (%)	-1%	-1%	0%	0%	0%	-2%
Total Net Return (%)	-1%	-1%	6%	11%	14%	29%