	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£28,500	£28,927	£29,361	£30,095	£30,848	£147,732
Total Expenses	£27,212	£27,304	£27,389	£27,504	£27,622	£137,031
Profit Before Tax	£1,288	£1,623	£1,973	£2,591	£3,226	£10,702
Profit After Tax	£1,044	£1,315	£1,598	£2,099	£2,613	£8,668
Change In Property Value	£7	£13,900	£24,812	£33,017	£23,002	£94,738
Net Return	£1,051	£15,215	£26,410	£35,116	£25,615	£103,407
Return From Rental Income (%)	0%	1%	1%	1%	1%	4%
Total Net Return (%)	0%	7%	11%	15%	11%	45%