	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£39,600	£40,194	£40,797	£41,817	£42,862	£205,270
Total Expenses	£41,353	£41,462	£41,563	£41,707	£41,854	£207,939
Profit Before Tax	£-1,753	£-1,268	£-766	£110	£1,008	£-2,669
Profit After Tax	£-1,753	£-1,268	£-766	£110	£1,008	£-2,669
Change In Property Value	£11	£22,000	£39,270	£52,258	£36,406	£149,945
Net Return	£-1,742	£20,732	£38,504	£52,367	£37,414	£147,277
Return From Rental Income (%)	0%	0%	0%	0%	0%	-1%
Total Net Return (%)	0%	5%	10%	14%	10%	39%