	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£40,248	£40,852	£41,464	£42,501	£43,564	£208,629
Total Expenses	£43,026	£43,136	£43,239	£43,384	£43,533	£216,318
Profit Before Tax	£-2,778	£-2,285	£-1,774	£-883	£31	£-7,689
Profit After Tax	£-2,778	£-2,285	£-1,774	£-883	£31	£-7,689
Change In Property Value	£12	£23,000	£41,055	£54,633	£38,061	£156,761
Net Return	£-2,767	£20,716	£39,281	£53,750	£38,092	£149,072
Return From Rental Income (%)	-1%	-1%	0%	0%	0%	-2%
Total Net Return (%)	-1%	5%	10%	13%	9%	37%