	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£21,600	£21,924	£22,472	£23,034	£23,725	£112,755
Total Expenses	£22,014	£22,092	£22,190	£22,290	£22,402	£110,988
Profit Before Tax	£-414	£-168	£282	£744	£1,323	£1,767
Profit After Tax	£-414	£-168	£229	£603	£1,072	£1,321
Change In Property Value	£9,000	£9,180	£18,727	£24,345	£25,563	£86,815
Net Return	£8,586	£9,012	£18,956	£24,948	£26,634	£88,136
Return From Rental Income (%)	0%	0%	0%	0%	1%	1%
Total Net Return (%)	6%	6%	13%	17%	18%	60%