	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£36,744	£37,295	£37,855	£38,801	£39,771	£190,466
Total Expenses	£32,541	£32,646	£32,743	£32,879	£33,019	£163,827
Profit Before Tax	£4,203	£4,650	£5,112	£5,922	£6,752	£26,639
Profit After Tax	£3,405	£3,766	£4,141	£4,797	£5,469	£21,578
Change In Property Value	£8	£16,700	£29,810	£39,668	£27,636	£113,822
Net Return	£3,413	£20,466	£33,951	£44,465	£33,105	£135,400
Return From Rental Income (%)	1%	1%	1%	2%	2%	8%
Total Net Return (%)	1%	7%	12%	16%	12%	48%