	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£42,000	£42,630	£43,269	£44,351	£45,460	£217,711
Total Expenses	£38,373	£38,486	£38,591	£38,741	£38,895	£193,087
Profit Before Tax	£3,627	£4,144	£4,678	£5,610	£6,565	£24,623
Profit After Tax	£2,938	£3,356	£3,789	£4,544	£5,318	£19,945
Change In Property Value	£10	£19,999	£35,699	£47,505	£33,095	£136,307
Net Return	£2,948	£23,356	£39,488	£52,049	£38,413	£156,252
Return From Rental Income (%)	1%	1%	1%	1%	2%	6%
Total Net Return (%)	1%	7%	12%	15%	11%	46%