	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£25,356	£25,736	£26,122	£26,775	£27,445	£131,435
Total Expenses	£25,449	£25,537	£25,617	£25,724	£25,834	£128,162
Profit Before Tax	£-93	£199	£505	£1,051	£1,611	£3,273
Profit After Tax	£-93	£161	£409	£852	£1,305	£2,634
Change In Property Value	£7	£13,000	£23,205	£30,880	£21,513	£88,604
Net Return	£-87	£13,161	£23,615	£31,731	£22,818	£91,238
Return From Rental Income (%)	0%	0%	0%	0%	1%	1%
Total Net Return (%)	0%	6%	11%	15%	11%	42%