	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£42,000	£42,630	£43,269	£44,351	£45,460	£217,711
Total Expenses	£39,984	£40,097	£40,202	£40,352	£40,505	£201,139
Profit Before Tax	£2,016	£2,533	£3,068	£3,999	£4,955	£16,571
Profit After Tax	£1,633	£2,052	£2,485	£3,240	£4,013	£13,423
Change In Property Value	£11	£21,000	£37,485	£49,882	£34,751	£143,130
Net Return	£1,644	£23,052	£39,970	£53,122	£38,765	£156,553
Return From Rental Income (%)	0%	1%	1%	1%	1%	4%
Total Net Return (%)	0%	6%	11%	15%	11%	43%