	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£32,892	£33,385	£34,220	£35,076	£36,128	£171,701
Total Expenses	£34,946	£35,042	£35,168	£35,297	£35,445	£175,899
Profit Before Tax	£-2,054	£-1,656	£-948	£-222	£682	£-4,198
Profit After Tax	£-2,054	£-1,656	£-948	£-222	£682	£-4,198
Change In Property Value	£7	£7	£14,950	£26,686	£35,512	£77,163
Net Return	£-2,047	£-1,649	£14,002	£26,464	£36,194	£72,965
Return From Rental Income (%)	-1%	-1%	0%	0%	0%	-2%
Total Net Return (%)	-1%	-1%	6%	11%	14%	29%