	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£33,600	£34,104	£34,616	£35,481	£36,368	£174,168
Total Expenses	£31,100	£31,200	£31,293	£31,421	£31,552	£156,566
Profit Before Tax	£2,500	£2,904	£3,323	£4,060	£4,816	£17,602
Profit After Tax	£2,025	£2,352	£2,692	£3,289	£3,901	£14,258
Change In Property Value	£8	£16,000	£28,560	£38,006	£26,477	£109,051
Net Return	£2,033	£18,352	£31,252	£41,294	£30,378	£123,309
Return From Rental Income (%)	1%	1%	1%	1%	1%	5%
Total Net Return (%)	1%	7%	12%	15%	11%	46%