	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£36,900	£37,453	£38,390	£39,350	£40,530	£192,623
Total Expenses	£39,898	£39,964	£40,069	£40,176	£40,304	£200,411
Profit Before Tax	£-2,998	£-2,511	£-1,679	£-826	£226	£-7,788
Profit After Tax	£-2,998	£-2,511	£-1,679	£-826	£226	£-7,788
Change In Property Value	£9	£9	£18,000	£32,131	£42,757	£92,906
Net Return	£-2,989	£-2,502	£16,321	£31,305	£42,982	£85,118
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	-1%	-1%	5%	10%	14%	28%