	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£7,476	£7,588	£7,778	£7,972	£8,211	£39,026
Total Expenses	£7,528	£7,586	£7,648	£7,711	£7,777	£38,250
Profit Before Tax	£-52	£2	£130	£261	£434	£776
Profit After Tax	£-52	£2	£106	£212	£352	£618
Change In Property Value	£4,218	£4,365	£7,100	£8,171	£8,661	£32,514
Net Return	£4,165	£4,367	£7,205	£8,383	£9,013	£33,133
Return From Rental Income (%)	0%	0%	0%	1%	1%	2%
Total Net Return (%)	11%	12%	19%	23%	24%	89%