	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£34,848	£35,371	£36,255	£37,161	£38,276	£181,911
Total Expenses	£37,709	£37,772	£37,871	£37,973	£38,095	£189,421
Profit Before Tax	£-2,861	£-2,402	£-1,617	£-812	£181	£-7,509
Profit After Tax	£-2,861	£-2,402	£-1,617	£-812	£181	£-7,509
Change In Property Value	£9	£9	£17,000	£30,346	£40,381	£87,744
Net Return	£-2,852	£-2,393	£15,384	£29,534	£40,562	£80,235
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	-1%	-1%	5%	10%	14%	28%