	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£32,268	£32,752	£33,243	£34,074	£34,926	£167,264
Total Expenses	£32,543	£32,642	£32,732	£32,857	£32,985	£163,759
Profit Before Tax	£-275	£110	£511	£1,218	£1,942	£3,505
Profit After Tax	£-275	£89	£414	£986	£1,573	£2,787
Change In Property Value	£8	£16,980	£30,310	£40,333	£28,099	£115,731
Net Return	£-267	£17,069	£30,724	£41,320	£29,672	£118,518
Return From Rental Income (%)	0%	0%	0%	0%	1%	1%
Total Net Return (%)	0%	6%	11%	14%	10%	41%