	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£26,376	£26,772	£27,441	£28,127	£28,971	£137,686
Total Expenses	£27,887	£27,973	£28,083	£28,195	£28,322	£140,460
Profit Before Tax	£-1,511	£-1,201	£-642	£-68	£649	£-2,773
Profit After Tax	£-1,511	£-1,201	£-642	£-68	£649	£-2,773
Change In Property Value	£6	£6	£11,720	£20,921	£27,839	£60,492
Net Return	£-1,505	£-1,195	£11,079	£20,852	£28,488	£57,719
Return From Rental Income (%)	-1%	-1%	0%	0%	0%	-1%
Total Net Return (%)	-1%	-1%	6%	11%	15%	30%