	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£21,624	£21,948	£22,497	£23,059	£23,751	£112,880
Total Expenses	£22,810	£22,888	£22,986	£23,086	£23,198	£114,968
Profit Before Tax	£-1,186	£-940	£-489	£-27	£553	£-2,087
Profit After Tax	£-1,186	£-940	£-489	£-27	£553	£-2,087
Change In Property Value	£5	£5	£9,400	£16,779	£22,329	£48,517
Net Return	£-1,181	£-935	£8,911	£16,753	£22,882	£46,430
Return From Rental Income (%)	-1%	-1%	0%	0%	0%	-1%
Total Net Return (%)	-1%	-1%	6%	11%	15%	30%