	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	£38,375	£38,488	£38,593	£38,743	£38,896	£193,095
Profit Before Tax	£3,625	£4,142	£4,677	£5,608	£6,563	£24,615
Profit After Tax	£2,936	£3,355	£3,788	£4,543	£5,316	£19,938
Change In Property Value	£10	£20,000	£35,700	£47,507	£33,097	£136,314
Net Return	£2,946	£23,355	£39,488	£52,050	£38,413	£156,252
Return From Rental Income (%)	1%	1%	1%	1%	2%	6%
Total Net Return (%)	1%	7%	12%	15%	11%	46%