	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£35,796	£36,333	£36,878	£37,800	£38,745	£185,552
Total Expenses	£34,376	£34,480	£34,575	£34,709	£34,847	£172,988
Profit Before Tax	£1,420	£1,853	£2,303	£3,090	£3,898	£12,564
Profit After Tax	£1,150	£1,501	£1,865	£2,503	£3,158	£10,177
Change In Property Value	£9	£17,900	£31,952	£42,519	£29,621	£122,001
Net Return	£1,159	£19,401	£33,817	£45,022	£32,779	£132,178
Return From Rental Income (%)	0%	0%	1%	1%	1%	3%
Total Net Return (%)	0%	6%	11%	15%	11%	44%