	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£49,500	£50,243	£50,996	£52,271	£53,578	£256,588
Total Expenses	£49,691	£49,777	£49,863	£50,001	£50,142	£249,474
Profit Before Tax	£-191	£465	£1,133	£2,270	£3,436	£7,113
Profit After Tax	£-191	£377	£918	£1,839	£2,783	£5,726
Change In Property Value	£13,750	£41,663	£57,217	£66,943	£54,410	£233,982
Net Return	£13,559	£42,039	£58,134	£68,782	£57,193	£239,708
Return From Rental Income (%)	0%	0%	0%	0%	1%	1%
Total Net Return (%)	3%	9%	12%	14%	12%	49%