	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£21,324	£21,644	£22,185	£22,740	£23,422	£111,314
Total Expenses	£23,263	£23,307	£23,372	£23,438	£23,517	£116,897
Profit Before Tax	£-1,939	£-1,663	£-1,187	£-699	£-95	£-5,583
Profit After Tax	£-1,939	£-1,663	£-1,187	£-699	£-95	£-5,583
Change In Property Value	£7,800	£7,917	£18,750	£24,951	£28,971	£88,389
Net Return	£5,861	£6,254	£17,563	£24,252	£28,876	£82,806
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	3%	4%	10%	14%	17%	49%