	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£19,128	£19,415	£19,900	£20,398	£21,010	£99,851
Total Expenses	£20,775	£20,849	£20,941	£21,034	£21,138	£104,738
Profit Before Tax	£-1,647	£-1,434	£-1,041	£-637	£-129	£-4,887
Profit After Tax	£-1,647	£-1,434	£-1,041	£-637	£-129	£-4,887
Change In Property Value	£4	£4	£8,500	£15,173	£20,191	£43,872
Net Return	£-1,642	£-1,430	£7,460	£14,536	£20,062	£38,985
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-4%
Total Net Return (%)	-1%	-1%	5%	11%	15%	28%