	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£37,620	£38,184	£39,139	£40,117	£41,321	£196,381
Total Expenses	£38,978	£39,046	£39,152	£39,261	£39,392	£195,827
Profit Before Tax	£-1,358	£-861	£-13	£857	£1,929	£554
Profit After Tax	£-1,358	£-861	£-13	£694	£1,563	£25
Change In Property Value	£21,875	£22,422	£41,368	£52,837	£60,810	£199,312
Net Return	£20,517	£21,561	£41,356	£53,531	£62,373	£199,337
Return From Rental Income (%)	0%	0%	0%	0%	1%	0%
Total Net Return (%)	7%	7%	14%	18%	21%	68%