	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£27,000	£27,405	£28,090	£28,792	£29,656	£140,944
Total Expenses	£28,505	£28,592	£28,703	£28,817	£28,946	£143,563
Profit Before Tax	£-1,505	£-1,187	£-613	£-25	£710	£-2,619
Profit After Tax	£-1,505	£-1,187	£-613	£-25	£710	£-2,619
Change In Property Value	£6	£6	£12,000	£21,420	£28,504	£61,937
Net Return	£-1,499	£-1,180	£11,387	£21,396	£29,215	£59,318
Return From Rental Income (%)	-1%	-1%	0%	0%	0%	-1%
Total Net Return (%)	-1%	-1%	6%	11%	15%	30%