	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£39,900	£40,498	£41,106	£42,134	£43,187	£206,825
Total Expenses	£36,556	£36,666	£36,768	£36,912	£37,060	£183,963
Profit Before Tax	£3,344	£3,832	£4,338	£5,221	£6,127	£22,862
Profit After Tax	£2,708	£3,104	£3,514	£4,229	£4,962	£18,518
Change In Property Value	£10	£19,000	£33,915	£45,132	£31,442	£129,498
Net Return	£2,718	£22,104	£37,429	£49,361	£36,404	£148,017
Return From Rental Income (%)	1%	1%	1%	1%	2%	6%
Total Net Return (%)	1%	7%	12%	15%	11%	46%