	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£23,760	£24,116	£24,719	£25,337	£26,097	£124,030
Total Expenses	£24,301	£24,348	£24,419	£24,491	£24,578	£122,136
Profit Before Tax	£-541	£-231	£301	£846	£1,519	£1,894
Profit After Tax	£-541	£-231	£244	£685	£1,231	£1,388
Change In Property Value	£5	£5	£10,800	£19,278	£25,654	£55,743
Net Return	£-535	£-226	£11,044	£19,964	£26,885	£57,131
Return From Rental Income (%)	0%	0%	0%	0%	1%	1%
Total Net Return (%)	0%	0%	6%	11%	15%	32%