	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	£11,536	£11,603	£11,662	£11,734	£11,807	£58,342
Profit Before Tax	£165	£272	£392	£621	£856	£2,306
Profit After Tax	£133	£221	£317	£503	£694	£1,868
Change In Property Value	£3	£5,200	£9,282	£12,352	£8,605	£35,442
Net Return	£136	£5,421	£9,599	£12,855	£9,299	£37,310
Return From Rental Income (%)	0%	0%	0%	1%	1%	2%
Total Net Return (%)	0%	7%	12%	16%	12%	47%