	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£21,912	£22,241	£22,797	£23,367	£24,068	£114,384
Total Expenses	£23,513	£23,592	£23,690	£23,791	£23,904	£118,490
Profit Before Tax	£-1,601	£-1,351	£-894	£-425	£164	£-4,107
Profit After Tax	£-1,601	£-1,351	£-894	£-425	£164	£-4,107
Change In Property Value	£5	£5	£9,740	£17,386	£23,136	£50,272
Net Return	£-1,596	£-1,346	£8,847	£16,962	£23,300	£46,166
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	-1%	-1%	6%	11%	15%	29%