	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£37,572	£38,136	£39,089	£40,066	£41,268	£196,131
Total Expenses	£38,886	£38,988	£39,126	£39,268	£39,431	£195,699
Profit Before Tax	£-1,314	£-853	£-38	£798	£1,837	£431
Profit After Tax	£-1,314	£-853	£-38	£646	£1,488	£-69
Change In Property Value	£8	£8	£16,700	£29,810	£39,669	£86,196
Net Return	£-1,305	£-844	£16,663	£30,457	£41,157	£86,127
Return From Rental Income (%)	0%	0%	0%	0%	1%	0%
Total Net Return (%)	0%	0%	6%	11%	15%	31%