	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£42,900	£43,543	£44,632	£45,748	£47,120	£223,944
Total Expenses	£43,473	£43,549	£43,669	£43,791	£43,939	£218,421
Profit Before Tax	£-573	£-5	£964	£1,957	£3,181	£5,523
Profit After Tax	£-573	£-5	£780	£1,585	£2,577	£4,364
Change In Property Value	£10	£10	£19,500	£34,808	£46,320	£100,648
Net Return	£-563	£4	£20,281	£36,393	£48,897	£105,012
Return From Rental Income (%)	0%	0%	0%	0%	1%	1%
Total Net Return (%)	0%	0%	6%	11%	15%	32%