	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£27,504	£27,917	£28,335	£29,044	£29,770	£142,569
Total Expenses	£24,860	£24,951	£25,034	£25,147	£25,262	£125,253
Profit Before Tax	£2,644	£2,966	£3,301	£3,897	£4,508	£17,316
Profit After Tax	£2,142	£2,402	£2,674	£3,157	£3,651	£14,026
Change In Property Value	£6	£12,500	£22,313	£29,692	£20,685	£85,196
Net Return	£2,148	£14,902	£24,987	£32,849	£24,337	£99,222
Return From Rental Income (%)	1%	1%	1%	2%	2%	7%
Total Net Return (%)	1%	7%	12%	16%	12%	48%