	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£34,800	£35,322	£35,852	£36,748	£37,667	£180,389
Total Expenses	£33,472	£33,574	£33,668	£33,800	£33,934	£168,449
Profit Before Tax	£1,328	£1,748	£2,183	£2,948	£3,732	£11,939
Profit After Tax	£1,075	£1,416	£1,769	£2,388	£3,023	£9,671
Change In Property Value	£9	£17,400	£31,059	£41,331	£28,794	£118,593
Net Return	£1,084	£18,816	£32,828	£43,719	£31,817	£128,264
Return From Rental Income (%)	0%	0%	1%	1%	1%	3%
Total Net Return (%)	0%	6%	11%	15%	11%	44%