	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£20,928	£21,242	£21,773	£22,317	£22,987	£109,247
Total Expenses	£22,542	£22,619	£22,715	£22,813	£22,923	£113,612
Profit Before Tax	£-1,614	£-1,377	£-942	£-496	£64	£-4,365
Profit After Tax	£-1,614	£-1,377	£-942	£-496	£64	£-4,365
Change In Property Value	£5	£5	£9,300	£16,601	£22,091	£48,001
Net Return	£-1,609	£-1,372	£8,358	£16,105	£22,155	£43,636
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	-1%	-1%	6%	11%	15%	29%