	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£32,400	£32,886	£33,379	£34,214	£35,069	£167,948
Total Expenses	£25,458	£25,519	£25,579	£25,673	£25,769	£127,998
Profit Before Tax	£6,942	£7,367	£7,800	£8,541	£9,300	£39,950
Profit After Tax	£5,623	£5,967	£6,318	£6,918	£7,533	£32,360
Change In Property Value	£7	£13,500	£24,098	£32,067	£22,340	£92,012
Net Return	£5,630	£19,467	£30,416	£38,985	£29,873	£124,372
Return From Rental Income (%)	3%	3%	3%	3%	3%	14%
Total Net Return (%)	3%	9%	14%	17%	13%	55%