	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,192	£12,375	£12,684	£13,001	£13,391	£63,644
Total Expenses	£12,344	£12,409	£12,483	£12,558	£12,640	£62,434
Profit Before Tax	£-152	£-34	£202	£443	£752	£1,210
Profit After Tax	£-152	£-34	£163	£359	£609	£945
Change In Property Value	£2	£2	£4,600	£8,211	£10,927	£23,743
Net Return	£-150	£-32	£4,763	£8,570	£11,535	£24,687
Return From Rental Income (%)	0%	0%	0%	1%	1%	1%
Total Net Return (%)	0%	0%	7%	12%	16%	35%