	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£45,000	£45,675	£46,360	£47,519	£48,707	£233,261
Total Expenses	£38,675	£38,793	£38,902	£39,060	£39,221	£194,650
Profit Before Tax	£6,325	£6,882	£7,458	£8,459	£9,486	£38,611
Profit After Tax	£5,123	£5,575	£6,041	£6,852	£7,684	£31,275
Change In Property Value	£10	£20,000	£35,700	£47,507	£33,097	£136,314
Net Return	£5,133	£25,575	£41,741	£54,359	£40,780	£167,589
Return From Rental Income (%)	1%	2%	2%	2%	2%	9%
Total Net Return (%)	1%	7%	12%	16%	12%	49%