	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£36,000	£36,540	£37,088	£38,015	£38,966	£186,609
Total Expenses	£31,340	£31,444	£31,540	£31,674	£31,812	£157,810
Profit Before Tax	£4,660	£5,096	£5,548	£6,341	£7,154	£28,799
Profit After Tax	£3,775	£4,128	£4,494	£5,136	£5,794	£23,327
Change In Property Value	£8	£16,000	£28,560	£38,006	£26,477	£109,051
Net Return	£3,783	£20,128	£33,054	£43,142	£32,272	£132,378
Return From Rental Income (%)	1%	2%	2%	2%	2%	9%
Total Net Return (%)	1%	7%	12%	16%	12%	49%