	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£28,560	£28,988	£29,423	£30,159	£30,913	£148,043
Total Expenses	£26,735	£26,828	£26,912	£27,028	£27,146	£134,649
Profit Before Tax	£1,825	£2,161	£2,511	£3,131	£3,767	£13,395
Profit After Tax	£1,478	£1,750	£2,034	£2,536	£3,051	£10,850
Change In Property Value	£7	£13,600	£24,276	£32,305	£22,506	£92,694
Net Return	£1,485	£15,350	£26,310	£34,841	£25,557	£103,543
Return From Rental Income (%)	1%	1%	1%	1%	1%	5%
Total Net Return (%)	1%	7%	12%	15%	11%	46%