	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£40,428	£41,034	£41,650	£42,691	£43,758	£209,562
Total Expenses	£42,175	£42,286	£42,389	£42,534	£42,684	£212,068
Profit Before Tax	£-1,747	£-1,252	£-739	£157	£1,075	£-2,506
Profit After Tax	£-1,747	£-1,252	£-739	£157	£1,075	£-2,506
Change In Property Value	£11	£22,460	£40,092	£53,350	£37,167	£153,081
Net Return	£-1,736	£21,209	£39,353	£53,507	£38,242	£150,575
Return From Rental Income (%)	0%	0%	0%	0%	0%	-1%
Total Net Return (%)	0%	5%	10%	14%	10%	38%