	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£36,000	£36,540	£37,088	£38,015	£38,966	£186,609
Total Expenses	£36,275	£36,342	£36,407	£36,510	£36,615	£182,148
Profit Before Tax	£-275	£198	£682	£1,506	£2,350	£4,461
Profit After Tax	£-275	£161	£552	£1,220	£1,904	£3,561
Change In Property Value	£10,000	£30,300	£41,612	£48,686	£39,571	£170,169
Net Return	£9,725	£30,461	£42,164	£49,906	£41,475	£173,730
Return From Rental Income (%)	0%	0%	0%	0%	1%	1%
Total Net Return (%)	3%	9%	12%	15%	12%	51%