	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£21,828	£22,155	£22,709	£23,277	£23,975	£113,945
Total Expenses	£21,925	£21,969	£22,036	£22,103	£22,184	£110,217
Profit Before Tax	£-97	£186	£674	£1,174	£1,792	£3,728
Profit After Tax	£-97	£151	£546	£951	£1,451	£3,001
Change In Property Value	£12,125	£12,428	£22,930	£29,287	£33,706	£110,476
Net Return	£12,028	£12,579	£23,476	£30,237	£35,157	£113,477
Return From Rental Income (%)	0%	0%	0%	1%	1%	2%
Total Net Return (%)	8%	8%	15%	19%	22%	72%