	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£11,700	£11,875	£12,054	£12,355	£12,664	£60,648
Total Expenses	£11,534	£11,601	£11,660	£11,732	£11,806	£58,334
Profit Before Tax	£166	£274	£393	£623	£858	£2,314
Profit After Tax	£135	£222	£319	£504	£695	£1,875
Change In Property Value	£3	£5,199	£9,280	£12,349	£8,603	£35,435
Net Return	£137	£5,421	£9,599	£12,854	£9,298	£37,309
Return From Rental Income (%)	0%	0%	0%	1%	1%	2%
Total Net Return (%)	0%	7%	12%	16%	12%	47%