	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£19,512	£19,805	£20,300	£20,807	£21,432	£101,855
Total Expenses	£21,150	£21,226	£21,318	£21,413	£21,518	£106,624
Profit Before Tax	£-1,638	£-1,421	£-1,018	£-605	£-86	£-4,769
Profit After Tax	£-1,638	£-1,421	£-1,018	£-605	£-86	£-4,769
Change In Property Value	£4	£4	£8,670	£15,476	£20,594	£44,750
Net Return	£-1,634	£-1,417	£7,652	£14,871	£20,508	£39,981
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	-1%	-1%	5%	11%	15%	29%