	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£32,244	£32,728	£33,546	£34,384	£35,416	£168,318
Total Expenses	£33,481	£33,541	£33,633	£33,728	£33,842	£168,224
Profit Before Tax	£-1,237	£-813	£-87	£657	£1,574	£94
Profit After Tax	£-1,237	£-813	£-87	£532	£1,275	£-330
Change In Property Value	£8	£8	£15,000	£26,776	£35,631	£77,421
Net Return	£-1,229	£-805	£14,913	£27,307	£36,906	£77,092
Return From Rental Income (%)	0%	0%	0%	0%	1%	0%
Total Net Return (%)	0%	0%	6%	11%	15%	31%