	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£36,000	£36,540	£37,088	£38,015	£38,966	£186,609
Total Expenses	£37,775	£37,879	£37,975	£38,109	£38,247	£189,985
Profit Before Tax	£-1,775	£-1,339	£-887	£-94	£719	£-3,376
Profit After Tax	£-1,775	£-1,339	£-887	£-94	£719	£-3,376
Change In Property Value	£15,000	£35,525	£47,274	£54,890	£40,344	£193,033
Net Return	£13,225	£34,186	£46,387	£54,796	£41,063	£189,657
Return From Rental Income (%)	-1%	0%	0%	0%	0%	-1%
Total Net Return (%)	4%	10%	14%	16%	12%	55%