	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£49,500	£50,243	£51,499	£52,786	£54,370	£258,397
Total Expenses	£50,593	£50,713	£50,881	£51,054	£51,255	£254,495
Profit Before Tax	£-1,093	£-470	£617	£1,732	£3,115	£3,901
Profit After Tax	£-1,093	£-470	£500	£1,403	£2,523	£2,863
Change In Property Value	£11	£11	£22,000	£39,271	£52,258	£113,551
Net Return	£-1,082	£-459	£22,500	£40,674	£54,781	£116,415
Return From Rental Income (%)	0%	0%	0%	0%	1%	1%
Total Net Return (%)	0%	0%	6%	11%	14%	30%