	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£42,300	£42,934	£43,579	£44,668	£45,785	£219,266
Total Expenses	£44,036	£44,149	£44,254	£44,405	£44,560	£221,404
Profit Before Tax	£-1,736	£-1,215	£-676	£263	£1,225	£-2,138
Profit After Tax	£-1,736	£-1,215	£-676	£263	£1,225	£-2,138
Change In Property Value	£12	£23,500	£41,948	£55,821	£38,888	£160,169
Net Return	£-1,724	£22,286	£41,272	£56,083	£40,114	£158,031
Return From Rental Income (%)	0%	0%	0%	0%	0%	-1%
Total Net Return (%)	0%	5%	10%	14%	10%	38%