	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£36,600	£37,149	£37,706	£38,649	£39,615	£189,719
Total Expenses	£35,100	£35,205	£35,302	£35,438	£35,577	£176,622
Profit Before Tax	£1,500	£1,944	£2,404	£3,211	£4,038	£13,097
Profit After Tax	£1,215	£1,575	£1,948	£2,601	£3,271	£10,609
Change In Property Value	£9	£18,300	£32,666	£43,469	£30,283	£124,727
Net Return	£1,224	£19,875	£34,613	£46,070	£33,554	£135,336
Return From Rental Income (%)	0%	1%	1%	1%	1%	3%
Total Net Return (%)	0%	6%	11%	15%	11%	44%