	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£27,000	£27,405	£28,090	£28,792	£29,656	£140,944
Total Expenses	£28,503	£28,590	£28,701	£28,815	£28,944	£143,553
Profit Before Tax	£-1,503	£-1,185	£-611	£-23	£712	£-2,609
Profit After Tax	£-1,503	£-1,185	£-611	£-23	£712	£-2,609
Change In Property Value	£6	£6	£11,999	£21,419	£28,502	£61,932
Net Return	£-1,497	£-1,179	£11,388	£21,396	£29,214	£59,323
Return From Rental Income (%)	-1%	-1%	0%	0%	0%	-1%
Total Net Return (%)	-1%	-1%	6%	11%	15%	30%