	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£23,628	£23,982	£24,582	£25,197	£25,952	£123,341
Total Expenses	£23,692	£23,739	£23,810	£23,882	£23,968	£119,092
Profit Before Tax	£-64	£243	£772	£1,314	£1,984	£4,250
Profit After Tax	£-64	£197	£625	£1,065	£1,607	£3,430
Change In Property Value	£5	£5	£10,500	£18,743	£24,941	£54,195
Net Return	£-59	£202	£11,126	£19,807	£26,548	£57,625
Return From Rental Income (%)	0%	0%	0%	1%	1%	2%
Total Net Return (%)	0%	0%	6%	11%	15%	33%