	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£49,356	£50,096	£51,349	£52,632	£54,211	£257,645
Total Expenses	£52,054	£52,139	£52,275	£52,415	£52,583	£261,466
Profit Before Tax	£-2,698	£-2,043	£-926	£218	£1,628	£-3,821
Profit After Tax	£-2,698	£-2,043	£-926	£218	£1,628	£-3,821
Change In Property Value	£12	£12	£23,500	£41,948	£55,821	£121,294
Net Return	£-2,686	£-2,031	£22,574	£42,166	£57,450	£117,473
Return From Rental Income (%)	-1%	0%	0%	0%	0%	-1%
Total Net Return (%)	-1%	0%	5%	10%	14%	28%