	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£36,000	£36,540	£37,453	£38,390	£39,542	£187,925
Total Expenses	£35,840	£35,906	£36,008	£36,112	£36,238	£180,103
Profit Before Tax	£160	£634	£1,446	£2,278	£3,304	£7,822
Profit After Tax	£130	£514	£1,171	£1,845	£2,676	£6,335
Change In Property Value	£8	£8	£16,000	£28,561	£38,006	£82,583
Net Return	£138	£522	£17,172	£30,405	£40,682	£88,918
Return From Rental Income (%)	0%	0%	0%	1%	1%	2%
Total Net Return (%)	0%	0%	6%	11%	15%	33%