	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£20,256	£20,560	£21,074	£21,601	£22,249	£105,739
Total Expenses	£20,379	£20,421	£20,483	£20,547	£20,622	£102,453
Profit Before Tax	£-123	£139	£590	£1,054	£1,626	£3,286
Profit After Tax	£-123	£112	£478	£853	£1,317	£2,638
Change In Property Value	£5	£5	£9,000	£16,065	£21,378	£46,453
Net Return	£-119	£117	£9,478	£16,919	£22,696	£49,091
Return From Rental Income (%)	0%	0%	0%	1%	1%	2%
Total Net Return (%)	0%	0%	6%	12%	16%	34%