	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£20,088	£20,389	£20,899	£21,422	£22,064	£104,862
Total Expenses	£21,950	£21,991	£22,053	£22,116	£22,191	£110,301
Profit Before Tax	£-1,862	£-1,602	£-1,154	£-695	£-127	£-5,439
Profit After Tax	£-1,862	£-1,602	£-1,154	£-695	£-127	£-5,439
Change In Property Value	£5	£5	£9,800	£17,493	£23,279	£50,582
Net Return	£-1,857	£-1,597	£8,646	£16,799	£23,152	£45,143
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	-1%	-1%	5%	10%	14%	28%