	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£37,632	£38,196	£38,769	£39,739	£40,732	£195,069
Total Expenses	£36,812	£36,919	£37,017	£37,156	£37,298	£185,201
Profit Before Tax	£820	£1,278	£1,753	£2,583	£3,435	£9,868
Profit After Tax	£664	£1,035	£1,420	£2,092	£2,782	£7,993
Change In Property Value	£10	£19,300	£34,451	£45,844	£31,938	£131,543
Net Return	£674	£20,335	£35,870	£47,937	£34,720	£139,536
Return From Rental Income (%)	0%	0%	0%	1%	1%	2%
Total Net Return (%)	0%	6%	11%	15%	11%	43%