	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£27,300	£27,710	£28,125	£28,828	£29,549	£141,512
Total Expenses	£27,253	£27,343	£27,426	£27,538	£27,653	£137,213
Profit Before Tax	£48	£366	£699	£1,290	£1,896	£4,299
Profit After Tax	£38	£297	£566	£1,045	£1,536	£3,482
Change In Property Value	£7	£14,000	£24,990	£33,255	£23,168	£95,420
Net Return	£45	£14,297	£25,557	£34,300	£24,703	£98,902
Return From Rental Income (%)	0%	0%	0%	0%	1%	1%
Total Net Return (%)	0%	6%	11%	15%	11%	42%