	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£24,048	£24,409	£25,019	£25,644	£26,414	£125,534
Total Expenses	£25,611	£25,693	£25,797	£25,904	£26,023	£129,028
Profit Before Tax	£-1,563	£-1,284	£-778	£-259	£391	£-3,494
Profit After Tax	£-1,563	£-1,284	£-778	£-259	£391	£-3,494
Change In Property Value	£5	£5	£10,690	£19,082	£25,393	£55,176
Net Return	£-1,558	£-1,279	£9,912	£18,823	£25,783	£51,681
Return From Rental Income (%)	-1%	-1%	0%	0%	0%	-2%
Total Net Return (%)	-1%	-1%	6%	11%	15%	29%