	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£10,800	£10,962	£11,126	£11,405	£11,690	£55,983
Total Expenses	£10,802	£10,868	£10,926	£10,995	£11,066	£54,658
Profit Before Tax	£-2	£94	£201	£409	£623	£1,325
Profit After Tax	£-2	£76	£163	£332	£505	£1,073
Change In Property Value	£2	£4,800	£8,568	£11,402	£7,943	£32,715
Net Return	£0	£4,876	£8,731	£11,733	£8,448	£33,788
Return From Rental Income (%)	0%	0%	0%	0%	1%	1%
Total Net Return (%)	0%	7%	12%	16%	12%	46%