	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£33,756	£34,262	£35,119	£35,997	£37,077	£176,211
Total Expenses	£35,132	£35,228	£35,357	£35,489	£35,639	£176,846
Profit Before Tax	£-1,376	£-966	£-238	£508	£1,437	£-635
Profit After Tax	£-1,376	£-966	£-238	£508	£1,164	£-908
Change In Property Value	£8	£8	£15,000	£26,776	£35,631	£77,421
Net Return	£-1,368	£-959	£14,762	£27,284	£36,795	£76,514
Return From Rental Income (%)	-1%	0%	0%	0%	0%	0%
Total Net Return (%)	-1%	0%	6%	11%	15%	30%