	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£11,400	£11,628	£11,861	£12,157	£12,461	£59,507
Total Expenses	£11,666	£11,739	£11,803	£11,875	£11,948	£59,032
Profit Before Tax	£-266	£-111	£57	£282	£513	£475
Profit After Tax	£-266	£-111	£46	£229	£416	£313
Change In Property Value	£7,950	£13,648	£17,196	£18,228	£16,101	£73,122
Net Return	£7,684	£13,536	£17,242	£18,456	£16,517	£73,435
Return From Rental Income (%)	0%	0%	0%	0%	0%	0%
Total Net Return (%)	8%	15%	19%	20%	18%	80%