	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£22,536	£22,874	£23,446	£24,032	£24,753	£117,641
Total Expenses	£22,504	£22,584	£22,684	£22,787	£22,901	£113,460
Profit Before Tax	£32	£290	£762	£1,246	£1,852	£4,181
Profit After Tax	£26	£235	£617	£1,009	£1,500	£3,387
Change In Property Value	£5	£5	£9,200	£16,422	£21,853	£47,485
Net Return	£30	£240	£9,817	£17,431	£23,353	£50,872
Return From Rental Income (%)	0%	0%	0%	1%	1%	2%
Total Net Return (%)	0%	0%	7%	12%	16%	34%