	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£41,796	£42,423	£43,484	£44,571	£45,908	£218,181
Total Expenses	£43,871	£43,980	£44,129	£44,281	£44,458	£220,718
Profit Before Tax	£-2,075	£-1,557	£-645	£289	£1,450	£-2,537
Profit After Tax	£-2,075	£-1,557	£-645	£289	£1,450	£-2,537
Change In Property Value	£10	£10	£19,000	£33,916	£45,132	£98,067
Net Return	£-2,065	£-1,547	£18,355	£34,205	£46,582	£95,530
Return From Rental Income (%)	-1%	0%	0%	0%	0%	-1%
Total Net Return (%)	-1%	0%	6%	11%	14%	30%