	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£22,452	£22,789	£23,358	£23,942	£24,661	£117,202
Total Expenses	£24,043	£24,123	£24,223	£24,325	£24,439	£121,153
Profit Before Tax	£-1,591	£-1,334	£-864	£-382	£221	£-3,950
Profit After Tax	£-1,591	£-1,334	£-864	£-382	£221	£-3,950
Change In Property Value	£5	£5	£9,980	£17,815	£23,706	£51,511
Net Return	£-1,586	£-1,329	£9,116	£17,432	£23,928	£47,561
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-2%
Total Net Return (%)	-1%	-1%	6%	11%	15%	29%