	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£34,200	£34,713	£35,234	£36,115	£37,017	£177,279
Total Expenses	£35,986	£36,088	£36,181	£36,311	£36,443	£181,008
Profit Before Tax	£-1,786	£-1,375	£-947	£-196	£574	£-3,730
Profit After Tax	£-1,786	£-1,375	£-947	£-196	£574	£-3,730
Change In Property Value	£10	£19,000	£33,915	£45,132	£31,442	£129,498
Net Return	£-1,777	£17,626	£32,968	£44,936	£32,016	£125,769
Return From Rental Income (%)	-1%	0%	0%	0%	0%	-1%
Total Net Return (%)	-1%	5%	10%	14%	10%	39%