	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£30,576	£31,035	£31,500	£32,288	£33,095	£158,493
Total Expenses	£27,419	£27,515	£27,603	£27,723	£27,847	£138,107
Profit Before Tax	£3,157	£3,520	£3,898	£4,564	£5,248	£20,387
Profit After Tax	£2,557	£2,851	£3,157	£3,697	£4,251	£16,513
Change In Property Value	£7	£13,900	£24,812	£33,017	£23,002	£94,738
Net Return	£2,564	£16,751	£27,969	£36,715	£27,253	£111,251
Return From Rental Income (%)	1%	1%	1%	2%	2%	7%
Total Net Return (%)	1%	7%	12%	16%	12%	48%