	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£43,200	£43,848	£44,506	£45,618	£46,759	£223,931
Total Expenses	£44,930	£45,045	£45,152	£45,305	£45,461	£225,892
Profit Before Tax	£-1,730	£-1,197	£-646	£314	£1,297	£-1,961
Profit After Tax	£-1,730	£-1,197	£-646	£314	£1,290	£-1,969
Change In Property Value	£12	£24,000	£42,840	£57,008	£39,716	£163,577
Net Return	£-1,718	£22,803	£42,195	£57,322	£41,006	£161,608
Return From Rental Income (%)	0%	0%	0%	0%	0%	0%
Total Net Return (%)	0%	5%	10%	14%	10%	38%