	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£47,256	£47,965	£48,684	£49,901	£51,149	£244,956
Total Expenses	£50,162	£50,283	£50,396	£50,559	£50,727	£252,126
Profit Before Tax	£-2,906	£-2,318	£-1,711	£-658	£422	£-7,171
Profit After Tax	£-2,906	£-2,318	£-1,711	£-658	£422	£-7,171
Change In Property Value	£14	£27,000	£48,195	£64,134	£44,680	£184,024
Net Return	£-2,892	£24,682	£46,484	£63,477	£45,103	£176,853
Return From Rental Income (%)	-1%	0%	0%	0%	0%	-1%
Total Net Return (%)	-1%	5%	10%	13%	9%	37%