	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£21,780	£22,107	£22,659	£23,226	£23,923	£113,695
Total Expenses	£23,817	£23,896	£23,994	£24,095	£24,207	£120,008
Profit Before Tax	£-2,037	£-1,789	£-1,335	£-869	£-284	£-6,314
Profit After Tax	£-2,037	£-1,789	£-1,335	£-869	£-284	£-6,314
Change In Property Value	£5	£5	£9,900	£17,672	£23,516	£51,098
Net Return	£-2,032	£-1,784	£8,566	£16,803	£23,232	£44,784
Return From Rental Income (%)	-1%	-1%	-1%	-1%	0%	-4%
Total Net Return (%)	-1%	-1%	5%	10%	14%	28%