	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£44,004	£44,664	£45,334	£46,467	£47,629	£228,099
Total Expenses	£38,575	£38,691	£38,799	£38,955	£39,113	£194,134
Profit Before Tax	£5,429	£5,973	£6,535	£7,513	£8,516	£33,964
Profit After Tax	£4,397	£4,838	£5,293	£6,085	£6,898	£27,511
Change In Property Value	£10	£20,000	£35,700	£47,507	£33,097	£136,314
Net Return	£4,407	£24,838	£40,993	£53,592	£39,994	£163,825
Return From Rental Income (%)	1%	1%	2%	2%	2%	8%
Total Net Return (%)	1%	7%	12%	16%	12%	48%