	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£44,460	£45,127	£45,804	£46,949	£48,123	£230,462
Total Expenses	£42,591	£42,670	£42,748	£42,873	£43,001	£213,882
Profit Before Tax	£1,869	£2,457	£3,056	£4,076	£5,122	£16,580
Profit After Tax	£1,514	£1,990	£2,475	£3,302	£4,149	£13,430
Change In Property Value	£12	£23,400	£41,769	£55,583	£38,723	£159,487
Net Return	£1,526	£25,390	£44,245	£58,885	£42,872	£172,917
Return From Rental Income (%)	0%	0%	1%	1%	1%	3%
Total Net Return (%)	0%	6%	11%	14%	10%	42%