	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£41,580	£42,204	£42,837	£43,908	£45,005	£215,534
Total Expenses	£43,320	£43,432	£43,537	£43,686	£43,838	£217,813
Profit Before Tax	£-1,740	£-1,229	£-700	£222	£1,167	£-2,280
Profit After Tax	£-1,740	£-1,229	£-700	£222	£1,167	£-2,280
Change In Property Value	£12	£23,100	£41,234	£54,871	£38,226	£157,443
Net Return	£-1,729	£21,871	£40,534	£55,093	£39,394	£155,163
Return From Rental Income (%)	0%	0%	0%	0%	0%	-1%
Total Net Return (%)	0%	5%	10%	14%	10%	38%