	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£38,940	£39,524	£40,512	£41,525	£42,771	£203,272
Total Expenses	£41,006	£41,111	£41,253	£41,398	£41,565	£206,332
Profit Before Tax	£-2,066	£-1,587	£-740	£127	£1,206	£-3,060
Profit After Tax	£-2,066	£-1,587	£-740	£127	£1,206	£-3,060
Change In Property Value	£9	£9	£17,700	£31,595	£42,044	£91,357
Net Return	£-2,058	£-1,578	£16,960	£31,722	£43,250	£88,297
Return From Rental Income (%)	-1%	-1%	0%	0%	0%	-1%
Total Net Return (%)	-1%	-1%	6%	11%	15%	30%