	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£52,500	£53,288	£54,087	£55,439	£56,825	£272,138
Total Expenses	£54,013	£54,104	£54,194	£54,340	£54,489	£271,139
Profit Before Tax	£-1,513	£-816	£-107	£1,099	£2,336	£1,000
Profit After Tax	£-1,513	£-816	£-107	£890	£1,892	£347
Change In Property Value	£22,500	£53,288	£70,910	£82,335	£60,516	£289,549
Net Return	£20,988	£52,471	£70,803	£83,225	£62,408	£289,896
Return From Rental Income (%)	0%	0%	0%	0%	0%	0%
Total Net Return (%)	4%	10%	13%	15%	12%	53%