	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£33,000	£33,495	£33,997	£34,847	£35,719	£171,058
Total Expenses	£31,844	£31,944	£32,035	£32,162	£32,292	£160,277
Profit Before Tax	£1,156	£1,551	£1,962	£2,685	£3,427	£10,781
Profit After Tax	£936	£1,256	£1,589	£2,175	£2,776	£8,733
Change In Property Value	£8	£16,500	£29,453	£39,193	£27,305	£112,459
Net Return	£944	£17,757	£31,042	£41,368	£30,080	£121,192
Return From Rental Income (%)	0%	0%	1%	1%	1%	3%
Total Net Return (%)	0%	6%	11%	15%	11%	44%