	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	£28,406	£28,505	£28,595	£28,720	£28,848	£143,074
Profit Before Tax	£3,994	£4,381	£4,784	£5,494	£6,221	£24,874
Profit After Tax	£3,235	£3,549	£3,875	£4,450	£5,039	£20,148
Change In Property Value	£7	£14,400	£25,704	£34,205	£23,829	£98,146
Net Return	£3,242	£17,949	£29,580	£38,655	£28,868	£118,294
Return From Rental Income (%)	1%	1%	2%	2%	2%	8%
Total Net Return (%)	1%	7%	12%	16%	12%	49%