	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£24,744	£25,115	£25,492	£26,129	£26,782	£128,263
Total Expenses	£22,169	£22,256	£22,335	£22,440	£22,548	£111,749
Profit Before Tax	£2,575	£2,859	£3,157	£3,689	£4,234	£16,514
Profit After Tax	£2,086	£2,316	£2,557	£2,988	£3,430	£13,376
Change In Property Value	£5	£10,999	£19,633	£26,126	£18,201	£74,966
Net Return	£2,091	£13,315	£22,191	£29,114	£21,631	£88,342
Return From Rental Income (%)	1%	1%	1%	2%	2%	7%
Total Net Return (%)	1%	7%	12%	16%	12%	49%