	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£31,788	£32,265	£32,749	£33,568	£34,407	£164,776
Total Expenses	£33,762	£33,823	£33,881	£33,974	£34,068	£169,508
Profit Before Tax	£-1,974	£-1,558	£-1,132	£-406	£339	£-4,732
Profit After Tax	£-1,974	£-1,558	£-1,132	£-406	£339	£-4,732
Change In Property Value	£9	£18,700	£33,380	£44,419	£30,945	£127,454
Net Return	£-1,965	£17,142	£32,247	£44,013	£31,284	£122,721
Return From Rental Income (%)	-1%	0%	0%	0%	0%	-1%
Total Net Return (%)	-1%	5%	10%	14%	10%	39%