	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£22,548	£22,886	£23,458	£24,045	£24,766	£117,704
Total Expenses	£24,576	£24,621	£24,689	£24,759	£24,842	£123,487
Profit Before Tax	£-2,028	£-1,735	£-1,231	£-714	£-76	£-5,784
Profit After Tax	£-2,028	£-1,735	£-1,231	£-714	£-76	£-5,784
Change In Property Value	£6	£6	£11,000	£19,635	£26,129	£56,776
Net Return	£-2,023	£-1,730	£9,769	£18,921	£26,054	£50,992
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	-1%	-1%	5%	10%	14%	28%