	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£47,196	£47,904	£48,622	£49,838	£51,084	£244,645
Total Expenses	£44,686	£44,807	£44,920	£45,083	£45,250	£224,746
Profit Before Tax	£2,510	£3,097	£3,703	£4,755	£5,834	£19,898
Profit After Tax	£2,033	£2,509	£2,999	£3,851	£4,725	£16,118
Change In Property Value	£12	£23,600	£42,126	£56,058	£39,054	£160,851
Net Return	£2,045	£26,109	£45,126	£59,910	£43,779	£176,968
Return From Rental Income (%)	0%	1%	1%	1%	1%	4%
Total Net Return (%)	0%	6%	11%	14%	11%	43%