	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£48,000	£48,720	£49,451	£50,687	£51,954	£248,812
Total Expenses	£45,410	£45,532	£45,646	£45,812	£45,981	£228,381
Profit Before Tax	£2,590	£3,188	£3,805	£4,876	£5,973	£20,432
Profit After Tax	£2,098	£2,582	£3,082	£3,949	£4,838	£16,550
Change In Property Value	£12	£24,000	£42,840	£57,008	£39,716	£163,577
Net Return	£2,110	£26,583	£45,922	£60,958	£44,554	£180,126
Return From Rental Income (%)	0%	1%	1%	1%	1%	4%
Total Net Return (%)	0%	6%	11%	14%	11%	43%