	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£23,172	£23,520	£24,108	£24,710	£25,452	£120,961
Total Expenses	£23,250	£23,296	£23,366	£23,437	£23,522	£116,870
Profit Before Tax	£-78	£223	£742	£1,273	£1,930	£4,091
Profit After Tax	£-78	£181	£601	£1,031	£1,563	£3,299
Change In Property Value	£5	£5	£10,300	£18,386	£24,466	£53,163
Net Return	£-73	£186	£10,901	£19,417	£26,030	£56,462
Return From Rental Income (%)	0%	0%	0%	1%	1%	2%
Total Net Return (%)	0%	0%	6%	12%	15%	33%