	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£36,300	£36,844	£37,397	£38,332	£39,290	£188,164
Total Expenses	£32,174	£32,279	£32,375	£32,510	£32,649	£161,988
Profit Before Tax	£4,126	£4,566	£5,022	£5,822	£6,642	£26,177
Profit After Tax	£3,342	£3,698	£4,068	£4,716	£5,380	£21,203
Change In Property Value	£8	£16,500	£29,453	£39,193	£27,305	£112,459
Net Return	£3,350	£20,198	£33,521	£43,909	£32,684	£133,662
Return From Rental Income (%)	1%	1%	1%	2%	2%	8%
Total Net Return (%)	1%	7%	12%	16%	12%	48%