	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£51,756	£52,532	£53,846	£55,192	£56,848	£270,173
Total Expenses	£52,802	£52,925	£53,100	£53,278	£53,486	£265,592
Profit Before Tax	£-1,046	£-393	£746	£1,914	£3,361	£4,581
Profit After Tax	£-1,046	£-393	£604	£1,550	£2,722	£3,438
Change In Property Value	£12	£12	£23,000	£41,056	£54,634	£118,713
Net Return	£-1,034	£-382	£23,605	£42,606	£57,356	£122,150
Return From Rental Income (%)	0%	0%	0%	0%	1%	1%
Total Net Return (%)	0%	0%	6%	11%	14%	30%