	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£20,976	£21,291	£21,823	£22,368	£23,040	£109,498
Total Expenses	£22,586	£22,664	£22,760	£22,858	£22,968	£113,836
Profit Before Tax	£-1,610	£-1,373	£-937	£-490	£72	£-4,338
Profit After Tax	£-1,610	£-1,373	£-937	£-490	£72	£-4,338
Change In Property Value	£5	£5	£9,320	£16,637	£22,138	£48,105
Net Return	£-1,605	£-1,368	£8,383	£16,147	£22,210	£43,766
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	-1%	-1%	6%	11%	15%	29%