	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£44,268	£44,932	£45,606	£46,746	£47,915	£229,467
Total Expenses	£43,911	£44,027	£44,135	£44,291	£44,451	£220,815
Profit Before Tax	£357	£905	£1,471	£2,455	£3,464	£8,652
Profit After Tax	£289	£733	£1,191	£1,988	£2,806	£7,008
Change In Property Value	£12	£23,300	£41,591	£55,346	£38,557	£158,806
Net Return	£301	£24,033	£42,782	£57,334	£41,363	£165,814
Return From Rental Income (%)	0%	0%	0%	0%	1%	2%
Total Net Return (%)	0%	6%	10%	14%	10%	41%