	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£52,800	£53,592	£54,932	£56,305	£57,994	£275,623
Total Expenses	£53,390	£53,481	£53,625	£53,774	£53,953	£268,223
Profit Before Tax	£-590	£111	£1,306	£2,531	£4,041	£7,400
Profit After Tax	£-590	£90	£1,058	£2,050	£3,273	£5,882
Change In Property Value	£12	£12	£24,000	£42,841	£57,009	£123,874
Net Return	£-578	£102	£25,059	£44,891	£60,282	£129,756
Return From Rental Income (%)	0%	0%	0%	0%	1%	1%
Total Net Return (%)	0%	0%	6%	11%	14%	31%