	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£21,492	£21,814	£22,360	£22,919	£23,606	£112,191
Total Expenses	£21,207	£21,286	£21,383	£21,483	£21,594	£106,954
Profit Before Tax	£285	£529	£977	£1,436	£2,012	£5,237
Profit After Tax	£230	£428	£791	£1,163	£1,630	£4,242
Change In Property Value	£4	£4	£8,599	£15,350	£20,426	£44,383
Net Return	£235	£433	£9,390	£16,512	£22,055	£48,625
Return From Rental Income (%)	0%	0%	1%	1%	1%	3%
Total Net Return (%)	0%	0%	7%	12%	16%	35%