	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£34,044	£34,555	£35,073	£35,950	£36,849	£176,470
Total Expenses	£35,005	£35,106	£35,199	£35,329	£35,461	£176,101
Profit Before Tax	£-961	£-552	£-126	£621	£1,387	£369
Profit After Tax	£-961	£-552	£-126	£503	£1,124	£-13
Change In Property Value	£18,400	£37,536	£48,797	£51,237	£37,659	£193,628
Net Return	£17,439	£36,984	£48,670	£51,740	£38,783	£193,615
Return From Rental Income (%)	0%	0%	0%	0%	0%	0%
Total Net Return (%)	6%	12%	16%	17%	12%	62%