	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£27,300	£27,710	£28,402	£29,112	£29,986	£142,510
Total Expenses	£29,019	£29,071	£29,151	£29,233	£29,331	£145,806
Profit Before Tax	£-1,719	£-1,362	£-749	£-121	£654	£-3,296
Profit After Tax	£-1,719	£-1,362	£-749	£-121	£654	£-3,296
Change In Property Value	£7	£7	£13,000	£23,205	£30,880	£67,099
Net Return	£-1,712	£-1,355	£12,251	£23,085	£31,534	£63,803
Return From Rental Income (%)	-1%	-1%	0%	0%	0%	-2%
Total Net Return (%)	-1%	-1%	6%	11%	15%	30%