	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£15,000	£15,225	£15,606	£15,996	£16,476	£78,302
Total Expenses	£15,403	£15,471	£15,552	£15,635	£15,726	£77,786
Profit Before Tax	£-403	£-246	£54	£361	£750	£516
Profit After Tax	£-403	£-246	£54	£292	£608	£305
Change In Property Value	£3,000	£3,030	£9,181	£12,608	£14,752	£42,571
Net Return	£2,598	£2,784	£9,235	£12,901	£15,359	£42,876
Return From Rental Income (%)	0%	0%	0%	0%	1%	0%
Total Net Return (%)	3%	3%	10%	14%	16%	46%