	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£33,276	£33,775	£34,620	£35,485	£36,550	£173,705
Total Expenses	£34,667	£34,763	£34,891	£35,021	£35,170	£174,512
Profit Before Tax	£-1,391	£-988	£-271	£464	£1,379	£-807
Profit After Tax	£-1,391	£-988	£-271	£464	£1,117	£-1,069
Change In Property Value	£7	£7	£14,790	£26,401	£35,132	£76,338
Net Return	£-1,384	£-981	£14,519	£26,865	£36,249	£75,269
Return From Rental Income (%)	-1%	0%	0%	0%	0%	0%
Total Net Return (%)	-1%	0%	6%	11%	15%	30%