	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£44,556	£45,224	£46,355	£47,514	£48,939	£232,588
Total Expenses	£44,234	£44,312	£44,436	£44,563	£44,716	£222,261
Profit Before Tax	£322	£912	£1,919	£2,951	£4,223	£10,327
Profit After Tax	£261	£739	£1,554	£2,390	£3,421	£8,365
Change In Property Value	£10	£10	£19,800	£35,344	£47,032	£102,196
Net Return	£271	£749	£21,355	£37,734	£50,453	£110,562
Return From Rental Income (%)	0%	0%	0%	1%	1%	2%
Total Net Return (%)	0%	0%	6%	11%	15%	33%