	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£27,000	£27,405	£28,090	£28,792	£29,656	£140,944
Total Expenses	£27,005	£27,057	£27,136	£27,217	£27,314	£135,730
Profit Before Tax	£-5	£348	£954	£1,575	£2,342	£5,213
Profit After Tax	£-5	£282	£773	£1,276	£1,897	£4,222
Change In Property Value	£6	£6	£12,000	£21,420	£28,504	£61,937
Net Return	£1	£288	£12,773	£22,696	£30,401	£66,159
Return From Rental Income (%)	0%	0%	0%	1%	1%	2%
Total Net Return (%)	0%	0%	6%	11%	15%	33%