	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£29,112	£29,549	£30,287	£31,045	£31,976	£151,969
Total Expenses	£30,581	£30,671	£30,787	£30,907	£31,043	£153,989
Profit Before Tax	£-1,469	£-1,122	£-500	£138	£933	£-2,020
Profit After Tax	£-1,469	£-1,122	£-500	£138	£933	£-2,020
Change In Property Value	£6	£6	£12,940	£23,098	£30,737	£66,789
Net Return	£-1,462	£-1,115	£12,440	£23,236	£31,670	£64,769
Return From Rental Income (%)	-1%	-1%	0%	0%	0%	-1%
Total Net Return (%)	-1%	-1%	6%	11%	15%	30%