	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£32,400	£32,886	£33,379	£34,214	£35,069	£167,948
Total Expenses	£34,198	£34,296	£34,386	£34,512	£34,640	£172,032
Profit Before Tax	£-1,798	£-1,410	£-1,007	£-298	£429	£-4,083
Profit After Tax	£-1,798	£-1,410	£-1,007	£-298	£429	£-4,083
Change In Property Value	£9	£18,000	£32,130	£42,756	£29,787	£122,683
Net Return	£-1,789	£16,590	£31,123	£42,458	£30,216	£118,599
Return From Rental Income (%)	-1%	0%	0%	0%	0%	-1%
Total Net Return (%)	-1%	5%	10%	14%	10%	39%