	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£34,476	£34,993	£35,518	£36,406	£37,316	£178,709
Total Expenses	£35,640	£35,704	£35,767	£35,866	£35,968	£178,945
Profit Before Tax	£-1,164	£-711	£-249	£540	£1,348	£-236
Profit After Tax	£-1,164	£-711	£-249	£540	£1,092	£-492
Change In Property Value	£14,775	£34,992	£46,565	£54,067	£39,739	£190,137
Net Return	£13,611	£34,281	£46,316	£54,606	£40,831	£189,645
Return From Rental Income (%)	0%	0%	0%	0%	0%	0%
Total Net Return (%)	4%	10%	14%	16%	12%	56%