	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£44,004	£44,664	£45,781	£46,925	£48,333	£229,707
Total Expenses	£44,575	£44,653	£44,775	£44,901	£45,052	£223,957
Profit Before Tax	£-571	£11	£1,005	£2,024	£3,281	£5,750
Profit After Tax	£-571	£9	£814	£1,640	£2,657	£4,549
Change In Property Value	£10	£10	£20,000	£35,701	£47,507	£103,229
Net Return	£-561	£19	£20,815	£37,341	£50,165	£107,778
Return From Rental Income (%)	0%	0%	0%	0%	1%	1%
Total Net Return (%)	0%	0%	6%	11%	15%	31%