	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£11,040	£11,206	£11,374	£11,658	£11,949	£57,227
Total Expenses	£10,826	£10,893	£10,950	£11,021	£11,092	£54,782
Profit Before Tax	£214	£313	£423	£637	£857	£2,445
Profit After Tax	£173	£254	£343	£516	£694	£1,980
Change In Property Value	£2	£4,800	£8,568	£11,402	£7,943	£32,715
Net Return	£176	£5,054	£8,911	£11,918	£8,637	£34,696
Return From Rental Income (%)	0%	0%	0%	1%	1%	3%
Total Net Return (%)	0%	7%	12%	16%	12%	48%