	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£24,000	£24,360	£24,725	£25,344	£25,977	£124,406
Total Expenses	£23,705	£23,791	£23,869	£23,972	£24,078	£119,415
Profit Before Tax	£295	£569	£857	£1,371	£1,899	£4,991
Profit After Tax	£239	£461	£694	£1,111	£1,538	£4,043
Change In Property Value	£6	£12,000	£21,420	£28,504	£19,858	£81,788
Net Return	£245	£12,461	£22,114	£29,615	£21,396	£85,831
Return From Rental Income (%)	0%	0%	0%	1%	1%	2%
Total Net Return (%)	0%	6%	11%	15%	11%	43%