	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£21,336	£21,656	£22,197	£22,752	£23,435	£111,377
Total Expenses	£22,940	£23,018	£23,115	£23,214	£23,325	£115,611
Profit Before Tax	£-1,604	£-1,362	£-917	£-462	£110	£-4,234
Profit After Tax	£-1,604	£-1,362	£-917	£-462	£110	£-4,234
Change In Property Value	£5	£5	£9,480	£16,922	£22,519	£48,930
Net Return	£-1,599	£-1,357	£8,563	£16,460	£22,629	£44,696
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	-1%	-1%	6%	11%	15%	29%