	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£31,896	£32,374	£33,184	£34,013	£35,034	£166,501
Total Expenses	£32,454	£32,513	£32,605	£32,699	£32,812	£163,083
Profit Before Tax	£-558	£-139	£579	£1,314	£2,222	£3,419
Profit After Tax	£-558	£-139	£469	£1,065	£1,800	£2,637
Change In Property Value	£7	£7	£14,500	£25,883	£34,443	£74,841
Net Return	£-551	£-132	£14,969	£26,948	£36,243	£77,477
Return From Rental Income (%)	0%	0%	0%	0%	1%	1%
Total Net Return (%)	0%	0%	6%	11%	15%	32%