	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£41,220	£41,838	£42,466	£43,528	£44,616	£213,667
Total Expenses	£42,962	£43,074	£43,178	£43,326	£43,477	£216,018
Profit Before Tax	£-1,742	£-1,236	£-712	£202	£1,138	£-2,351
Profit After Tax	£-1,742	£-1,236	£-712	£202	£1,138	£-2,351
Change In Property Value	£11	£22,900	£40,877	£54,395	£37,896	£156,080
Net Return	£-1,731	£21,664	£40,165	£54,597	£39,034	£153,729
Return From Rental Income (%)	0%	0%	0%	0%	0%	-1%
Total Net Return (%)	0%	5%	10%	14%	10%	38%