	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£32,760	£33,251	£33,750	£34,594	£35,459	£169,814
Total Expenses	£30,373	£30,472	£30,563	£30,689	£30,818	£152,913
Profit Before Tax	£2,388	£2,780	£3,188	£3,905	£4,641	£16,901
Profit After Tax	£1,934	£2,252	£2,582	£3,163	£3,759	£13,690
Change In Property Value	£8	£15,600	£27,846	£37,055	£25,815	£106,325
Net Return	£1,942	£17,852	£30,428	£40,219	£29,574	£120,015
Return From Rental Income (%)	1%	1%	1%	1%	1%	5%
Total Net Return (%)	1%	7%	12%	15%	11%	46%