	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£34,404	£34,920	£35,793	£36,688	£37,789	£179,594
Total Expenses	£35,680	£35,744	£35,842	£35,942	£36,063	£179,270
Profit Before Tax	£-1,276	£-823	£-48	£746	£1,726	£323
Profit After Tax	£-1,276	£-823	£-48	£604	£1,398	£-146
Change In Property Value	£8	£8	£16,000	£28,561	£38,006	£82,583
Net Return	£-1,268	£-815	£15,952	£29,165	£39,404	£82,437
Return From Rental Income (%)	0%	0%	0%	0%	1%	0%
Total Net Return (%)	0%	0%	6%	11%	15%	31%