	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£26,100	£26,492	£27,154	£27,833	£28,668	£136,246
Total Expenses	£27,622	£27,707	£27,816	£27,928	£28,054	£139,125
Profit Before Tax	£-1,522	£-1,215	£-662	£-95	£614	£-2,880
Profit After Tax	£-1,522	£-1,215	£-662	£-95	£614	£-2,880
Change In Property Value	£6	£6	£11,600	£20,706	£27,554	£59,873
Net Return	£-1,516	£-1,209	£10,938	£20,611	£28,168	£56,993
Return From Rental Income (%)	-1%	-1%	0%	0%	0%	-2%
Total Net Return (%)	-1%	-1%	6%	11%	15%	30%