	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£46,116	£46,808	£47,510	£48,698	£49,915	£239,046
Total Expenses	£41,940	£42,059	£42,170	£42,331	£42,495	£210,995
Profit Before Tax	£4,176	£4,749	£5,340	£6,367	£7,420	£28,052
Profit After Tax	£3,383	£3,847	£4,325	£5,157	£6,010	£22,722
Change In Property Value	£11	£21,960	£39,199	£52,163	£36,340	£149,673
Net Return	£3,394	£25,807	£43,524	£57,320	£42,350	£172,395
Return From Rental Income (%)	1%	1%	1%	1%	2%	6%
Total Net Return (%)	1%	7%	11%	15%	11%	45%