	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£42,756	£43,397	£44,048	£45,150	£46,278	£221,629
Total Expenses	£36,842	£36,956	£37,062	£37,214	£37,370	£185,443
Profit Before Tax	£5,914	£6,441	£6,986	£7,935	£8,909	£36,186
Profit After Tax	£4,790	£5,217	£5,659	£6,428	£7,216	£29,311
Change In Property Value	£10	£19,000	£33,915	£45,132	£31,442	£129,498
Net Return	£4,800	£24,218	£39,574	£51,559	£38,658	£158,809
Return From Rental Income (%)	1%	2%	2%	2%	2%	9%
Total Net Return (%)	1%	8%	12%	16%	12%	49%