	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£24,744	£25,115	£25,492	£26,129	£26,782	£128,263
Total Expenses	£22,171	£22,258	£22,336	£22,442	£22,550	£111,757
Profit Before Tax	£2,573	£2,857	£3,155	£3,687	£4,232	£16,506
Profit After Tax	£2,084	£2,315	£2,556	£2,987	£3,428	£13,370
Change In Property Value	£5	£11,000	£19,635	£26,129	£18,203	£74,973
Net Return	£2,090	£13,315	£22,191	£29,115	£21,631	£88,342
Return From Rental Income (%)	1%	1%	1%	2%	2%	7%
Total Net Return (%)	1%	7%	12%	16%	12%	49%