	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£18,000	£18,270	£18,544	£19,008	£19,483	£93,305
Total Expenses	£18,277	£18,354	£18,423	£18,511	£18,601	£92,165
Profit Before Tax	£-277	£-84	£122	£497	£882	£1,139
Profit After Tax	£-277	£-84	£98	£403	£714	£854
Change In Property Value	£4,500	£13,633	£18,723	£21,906	£17,805	£76,568
Net Return	£4,222	£13,549	£18,822	£22,309	£18,519	£77,422
Return From Rental Income (%)	0%	0%	0%	0%	0%	1%
Total Net Return (%)	3%	9%	13%	15%	13%	53%