	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£31,980	£32,460	£32,947	£33,770	£34,615	£165,771
Total Expenses	£31,582	£31,679	£31,769	£31,893	£32,020	£158,944
Profit Before Tax	£399	£780	£1,177	£1,877	£2,594	£6,827
Profit After Tax	£323	£632	£954	£1,520	£2,101	£5,530
Change In Property Value	£8	£16,400	£29,274	£38,956	£27,139	£111,778
Net Return	£331	£17,032	£30,228	£40,476	£29,240	£117,308
Return From Rental Income (%)	0%	0%	0%	1%	1%	2%
Total Net Return (%)	0%	6%	11%	15%	11%	43%