	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£46,020	£46,710	£47,411	£48,596	£49,811	£238,549
Total Expenses	£44,569	£44,688	£44,799	£44,959	£45,123	£224,137
Profit Before Tax	£1,452	£2,023	£2,612	£3,637	£4,688	£14,412
Profit After Tax	£1,176	£1,638	£2,116	£2,946	£3,797	£11,674
Change In Property Value	£12	£23,600	£42,126	£56,058	£39,054	£160,851
Net Return	£1,188	£25,239	£44,242	£59,004	£42,851	£172,524
Return From Rental Income (%)	0%	0%	1%	1%	1%	3%
Total Net Return (%)	0%	6%	11%	14%	10%	42%