	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£15,000	£15,225	£15,606	£15,996	£16,476	£78,302
Total Expenses	£15,403	£15,471	£15,552	£15,635	£15,726	£77,786
Profit Before Tax	£-403	£-246	£54	£361	£750	£516
Profit After Tax	£-403	£-246	£54	£292	£608	£305
Change In Property Value	£7,500	£7,688	£14,183	£18,115	£20,849	£68,336
Net Return	£7,098	£7,441	£14,237	£18,408	£21,457	£68,640
Return From Rental Income (%)	0%	0%	0%	0%	1%	0%
Total Net Return (%)	8%	8%	15%	20%	23%	73%