	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£36,000	£36,540	£37,088	£38,015	£38,966	£186,609
Total Expenses	£34,556	£34,660	£34,756	£34,890	£35,028	£173,890
Profit Before Tax	£1,444	£1,880	£2,332	£3,125	£3,938	£12,719
Profit After Tax	£1,170	£1,523	£1,889	£2,531	£3,190	£10,303
Change In Property Value	£9	£17,999	£32,129	£42,754	£29,785	£122,676
Net Return	£1,179	£19,522	£34,018	£45,285	£32,975	£132,979
Return From Rental Income (%)	0%	1%	1%	1%	1%	3%
Total Net Return (%)	0%	6%	11%	15%	11%	44%