	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£43,944	£44,603	£45,718	£46,861	£48,267	£229,394
Total Expenses	£44,520	£44,597	£44,719	£44,845	£44,996	£223,677
Profit Before Tax	£-576	£6	£999	£2,016	£3,271	£5,716
Profit After Tax	£-576	£5	£809	£1,633	£2,650	£4,521
Change In Property Value	£10	£10	£19,975	£35,656	£47,448	£103,100
Net Return	£-566	£15	£20,784	£37,289	£50,098	£107,620
Return From Rental Income (%)	0%	0%	0%	0%	1%	1%
Total Net Return (%)	0%	0%	6%	11%	15%	31%