	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£18,264	£18,538	£19,001	£19,476	£20,061	£95,341
Total Expenses	£20,292	£20,365	£20,454	£20,546	£20,647	£102,303
Profit Before Tax	£-2,028	£-1,827	£-1,453	£-1,069	£-586	£-6,962
Profit After Tax	£-2,028	£-1,827	£-1,453	£-1,069	£-586	£-6,962
Change In Property Value	£4	£4	£8,300	£14,816	£19,716	£42,840
Net Return	£-2,023	£-1,823	£6,847	£13,747	£19,130	£35,877
Return From Rental Income (%)	-2%	-1%	-1%	-1%	0%	-5%
Total Net Return (%)	-2%	-1%	5%	10%	14%	27%