	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£22,500	£22,837	£23,408	£23,994	£24,713	£117,453
Total Expenses	£22,588	£22,633	£22,701	£22,770	£22,853	£113,544
Profit Before Tax	£-88	£205	£708	£1,224	£1,861	£3,909
Profit After Tax	£-88	£166	£573	£991	£1,507	£3,150
Change In Property Value	£5	£5	£10,000	£17,850	£23,754	£51,614
Net Return	£-83	£171	£10,574	£18,841	£25,261	£54,764
Return From Rental Income (%)	0%	0%	0%	1%	1%	2%
Total Net Return (%)	0%	0%	6%	12%	15%	33%