	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£46,200	£46,893	£47,596	£48,786	£50,006	£239,482
Total Expenses	£42,013	£42,132	£42,243	£42,404	£42,569	£211,360
Profit Before Tax	£4,188	£4,761	£5,353	£6,382	£7,437	£28,122
Profit After Tax	£3,392	£3,857	£4,336	£5,170	£6,024	£22,779
Change In Property Value	£11	£22,000	£39,270	£52,258	£36,406	£149,945
Net Return	£3,403	£25,857	£43,607	£57,427	£42,430	£172,724
Return From Rental Income (%)	1%	1%	1%	1%	2%	6%
Total Net Return (%)	1%	7%	11%	15%	11%	45%