	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£39,960	£40,559	£41,168	£42,197	£43,252	£207,136
Total Expenses	£38,139	£38,249	£38,351	£38,495	£38,643	£191,877
Profit Before Tax	£1,821	£2,311	£2,817	£3,702	£4,608	£15,259
Profit After Tax	£1,475	£1,872	£2,282	£2,998	£3,733	£12,360
Change In Property Value	£10	£19,980	£35,665	£47,459	£33,063	£136,178
Net Return	£1,485	£21,852	£37,947	£50,458	£36,796	£148,538
Return From Rental Income (%)	0%	1%	1%	1%	1%	4%
Total Net Return (%)	0%	6%	11%	15%	11%	43%