	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£44,772	£45,444	£46,580	£47,744	£49,176	£233,716
Total Expenses	£45,954	£46,067	£46,224	£46,384	£46,570	£231,198
Profit Before Tax	£-1,182	£-623	£356	£1,360	£2,607	£2,518
Profit After Tax	£-1,182	£-623	£288	£1,102	£2,111	£1,697
Change In Property Value	£10	£10	£19,900	£35,522	£47,270	£102,712
Net Return	£-1,172	£-613	£20,189	£36,624	£49,381	£104,409
Return From Rental Income (%)	0%	0%	0%	0%	1%	0%
Total Net Return (%)	0%	0%	6%	11%	15%	31%