	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£38,700	£39,280	£40,263	£41,269	£42,507	£202,019
Total Expenses	£39,991	£40,095	£40,236	£40,380	£40,547	£201,248
Profit Before Tax	£-1,291	£-814	£27	£889	£1,960	£772
Profit After Tax	£-1,291	£-814	£27	£720	£1,588	£230
Change In Property Value	£9	£9	£17,200	£30,703	£40,856	£88,777
Net Return	£-1,282	£-805	£17,227	£31,423	£42,444	£89,007
Return From Rental Income (%)	0%	0%	0%	0%	1%	0%
Total Net Return (%)	0%	0%	6%	11%	15%	31%