	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£45,600	£46,284	£47,441	£48,627	£50,086	£238,038
Total Expenses	£44,251	£44,366	£44,524	£44,687	£44,875	£222,703
Profit Before Tax	£1,349	£1,918	£2,917	£3,940	£5,211	£15,335
Profit After Tax	£1,092	£1,554	£2,363	£3,192	£4,221	£12,421
Change In Property Value	£10	£10	£19,000	£33,916	£45,132	£98,067
Net Return	£1,102	£1,563	£21,363	£37,107	£49,353	£110,488
Return From Rental Income (%)	0%	0%	1%	1%	1%	4%
Total Net Return (%)	0%	0%	7%	12%	15%	34%