	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£40,824	£41,436	£42,058	£43,109	£44,187	£211,615
Total Expenses	£42,569	£42,680	£42,783	£42,930	£43,081	£214,043
Profit Before Tax	£-1,745	£-1,244	£-725	£179	£1,106	£-2,428
Profit After Tax	£-1,745	£-1,244	£-725	£179	£1,106	£-2,428
Change In Property Value	£11	£22,680	£40,484	£53,873	£37,531	£154,580
Net Return	£-1,734	£21,437	£39,759	£54,052	£38,638	£152,152
Return From Rental Income (%)	0%	0%	0%	0%	0%	-1%
Total Net Return (%)	0%	5%	10%	14%	10%	38%