	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£49,500	£50,243	£51,499	£52,786	£54,370	£258,397
Total Expenses	£49,093	£49,178	£49,315	£49,454	£49,623	£246,663
Profit Before Tax	£408	£1,064	£2,184	£3,332	£4,746	£11,734
Profit After Tax	£330	£862	£1,769	£2,699	£3,844	£9,504
Change In Property Value	£11	£11	£22,000	£39,271	£52,258	£113,551
Net Return	£341	£873	£23,769	£41,969	£56,103	£123,056
Return From Rental Income (%)	0%	0%	0%	1%	1%	2%
Total Net Return (%)	0%	0%	6%	11%	15%	32%