	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£32,856	£33,349	£34,183	£35,037	£36,088	£171,513
Total Expenses	£34,248	£34,344	£34,470	£34,599	£34,747	£172,408
Profit Before Tax	£-1,392	£-995	£-287	£438	£1,341	£-896
Profit After Tax	£-1,392	£-995	£-287	£438	£1,086	£-1,150
Change In Property Value	£7	£7	£14,600	£26,062	£34,680	£75,357
Net Return	£-1,385	£-987	£14,313	£26,499	£35,767	£74,206
Return From Rental Income (%)	-1%	0%	0%	0%	0%	0%
Total Net Return (%)	-1%	0%	6%	11%	15%	30%