	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£33,000	£33,495	£34,332	£35,191	£36,246	£172,264
Total Expenses	£33,556	£33,617	£33,712	£33,809	£33,925	£168,619
Profit Before Tax	£-556	£-122	£621	£1,382	£2,322	£3,646
Profit After Tax	£-556	£-122	£503	£1,120	£1,881	£2,824
Change In Property Value	£8	£8	£15,000	£26,776	£35,631	£77,421
Net Return	£-549	£-115	£15,503	£27,895	£37,511	£80,246
Return From Rental Income (%)	0%	0%	0%	0%	1%	1%
Total Net Return (%)	0%	0%	6%	11%	15%	32%