	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£41,940	£42,569	£43,208	£44,288	£45,395	£217,400
Total Expenses	£43,678	£43,791	£43,896	£44,045	£44,199	£219,609
Profit Before Tax	£-1,738	£-1,222	£-688	£242	£1,196	£-2,209
Profit After Tax	£-1,738	£-1,222	£-688	£242	£1,196	£-2,209
Change In Property Value	£12	£23,300	£41,591	£55,346	£38,557	£158,806
Net Return	£-1,726	£22,079	£40,903	£55,588	£39,754	£156,597
Return From Rental Income (%)	0%	0%	0%	0%	0%	-1%
Total Net Return (%)	0%	5%	10%	14%	10%	38%