	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£37,404	£37,965	£38,535	£39,498	£40,485	£193,887
Total Expenses	£33,089	£33,195	£33,293	£33,431	£33,573	£166,582
Profit Before Tax	£4,315	£4,770	£5,241	£6,067	£6,913	£27,305
Profit After Tax	£3,495	£3,864	£4,245	£4,914	£5,599	£22,117
Change In Property Value	£9	£17,000	£30,345	£40,381	£28,132	£115,867
Net Return	£3,504	£20,864	£34,591	£45,295	£33,731	£137,984
Return From Rental Income (%)	1%	1%	1%	2%	2%	8%
Total Net Return (%)	1%	7%	12%	16%	12%	48%