	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£27,936	£28,355	£28,780	£29,500	£30,237	£144,809
Total Expenses	£28,442	£28,534	£28,618	£28,731	£28,848	£143,173
Profit Before Tax	£-506	£-179	£163	£768	£1,390	£1,635
Profit After Tax	£-506	£-179	£132	£622	£1,126	£1,194
Change In Property Value	£7	£14,700	£26,240	£34,918	£24,326	£100,191
Net Return	£-499	£14,521	£26,372	£35,540	£25,451	£101,385
Return From Rental Income (%)	0%	0%	0%	0%	0%	0%
Total Net Return (%)	0%	6%	11%	14%	10%	41%