	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£22,008	£22,338	£22,897	£23,469	£24,173	£114,885
Total Expenses	£23,602	£23,681	£23,780	£23,881	£23,994	£118,937
Profit Before Tax	£-1,594	£-1,343	£-883	£-412	£179	£-4,052
Profit After Tax	£-1,594	£-1,343	£-883	£-412	£179	£-4,052
Change In Property Value	£5	£5	£9,780	£17,458	£23,231	£50,479
Net Return	£-1,589	£-1,338	£8,897	£17,046	£23,410	£46,426
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	-1%	-1%	6%	11%	15%	29%