	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£38,100	£38,671	£39,252	£40,233	£41,239	£197,495
Total Expenses	£29,941	£30,048	£30,147	£30,287	£30,431	£150,855
Profit Before Tax	£8,159	£8,623	£9,104	£9,945	£10,808	£46,640
Profit After Tax	£6,609	£6,985	£7,374	£8,056	£8,755	£37,778
Change In Property Value	£8	£15,000	£26,775	£35,630	£24,822	£102,236
Net Return	£6,616	£21,985	£34,150	£43,686	£33,577	£140,014
Return From Rental Income (%)	3%	3%	3%	3%	3%	15%
Total Net Return (%)	3%	9%	14%	17%	13%	56%