	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£23,436	£23,788	£24,144	£24,748	£25,367	£121,483
Total Expenses	£23,198	£23,283	£23,360	£23,462	£23,567	£116,870
Profit Before Tax	£238	£504	£784	£1,286	£1,800	£4,612
Profit After Tax	£193	£408	£635	£1,041	£1,458	£3,736
Change In Property Value	£6	£11,720	£20,920	£27,839	£19,395	£79,880
Net Return	£199	£12,129	£21,556	£28,881	£20,853	£83,616
Return From Rental Income (%)	0%	0%	0%	1%	1%	2%
Total Net Return (%)	0%	6%	11%	15%	11%	43%