	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£24,384	£24,750	£25,121	£25,749	£26,393	£126,397
Total Expenses	£24,052	£24,139	£24,217	£24,322	£24,429	£121,158
Profit Before Tax	£332	£611	£904	£1,427	£1,964	£5,238
Profit After Tax	£269	£495	£732	£1,156	£1,591	£4,243
Change In Property Value	£6	£12,192	£21,763	£28,960	£20,176	£83,097
Net Return	£275	£12,687	£22,495	£30,116	£21,767	£87,340
Return From Rental Income (%)	0%	0%	0%	1%	1%	2%
Total Net Return (%)	0%	6%	11%	15%	11%	43%