	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£41,400	£42,021	£42,651	£43,718	£44,811	£214,600
Total Expenses	£43,141	£43,253	£43,357	£43,506	£43,658	£216,916
Profit Before Tax	£-1,741	£-1,232	£-706	£212	£1,153	£-2,315
Profit After Tax	£-1,741	£-1,232	£-706	£212	£1,153	£-2,315
Change In Property Value	£12	£23,000	£41,055	£54,633	£38,061	£156,761
Net Return	£-1,730	£21,768	£40,349	£54,845	£39,214	£154,446
Return From Rental Income (%)	0%	0%	0%	0%	0%	-1%
Total Net Return (%)	0%	5%	10%	14%	10%	38%