	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£28,128	£28,550	£29,264	£29,995	£30,895	£146,832
Total Expenses	£28,110	£28,163	£28,245	£28,330	£28,430	£141,278
Profit Before Tax	£18	£387	£1,018	£1,666	£2,465	£5,554
Profit After Tax	£15	£313	£825	£1,349	£1,997	£4,498
Change In Property Value	£6	£6	£12,500	£22,313	£29,692	£64,518
Net Return	£21	£319	£13,325	£23,662	£31,689	£69,016
Return From Rental Income (%)	0%	0%	0%	1%	1%	2%
Total Net Return (%)	0%	0%	6%	11%	15%	33%