	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£21,996	£22,326	£22,884	£23,456	£24,160	£114,822
Total Expenses	£22,537	£22,582	£22,648	£22,716	£22,797	£113,281
Profit Before Tax	£-541	£-256	£236	£740	£1,363	£1,542
Profit After Tax	£-541	£-256	£191	£599	£1,104	£1,097
Change In Property Value	£5	£5	£10,000	£17,850	£23,754	£51,614
Net Return	£-536	£-251	£10,191	£18,450	£24,857	£52,712
Return From Rental Income (%)	0%	0%	0%	0%	1%	1%
Total Net Return (%)	0%	0%	6%	11%	15%	32%