	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£52,800	£53,592	£54,396	£55,756	£57,150	£273,693
Total Expenses	£44,390	£44,482	£44,572	£44,719	£44,869	£223,032
Profit Before Tax	£8,410	£9,110	£9,824	£11,037	£12,281	£50,662
Profit After Tax	£6,812	£7,379	£7,957	£8,940	£9,947	£41,036
Change In Property Value	£12	£24,000	£42,840	£57,008	£39,716	£163,577
Net Return	£6,824	£31,380	£50,797	£65,948	£49,663	£204,613
Return From Rental Income (%)	2%	2%	2%	2%	2%	10%
Total Net Return (%)	2%	7%	12%	16%	12%	48%