	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£47,256	£47,965	£49,164	£50,393	£51,905	£246,683
Total Expenses	£48,384	£48,501	£48,664	£48,831	£49,025	£243,405
Profit Before Tax	£-1,128	£-536	£500	£1,562	£2,880	£3,277
Profit After Tax	£-1,128	£-536	£405	£1,265	£2,333	£2,338
Change In Property Value	£11	£11	£21,000	£37,486	£49,883	£108,390
Net Return	£-1,118	£-526	£21,405	£38,751	£52,216	£110,728
Return From Rental Income (%)	0%	0%	0%	0%	1%	1%
Total Net Return (%)	0%	0%	6%	11%	14%	31%