	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£44,016	£44,676	£45,346	£46,480	£47,642	£228,161
Total Expenses	£37,869	£37,985	£38,093	£38,248	£38,407	£190,601
Profit Before Tax	£6,147	£6,691	£7,254	£8,232	£9,235	£37,560
Profit After Tax	£4,979	£5,420	£5,875	£6,668	£7,481	£30,423
Change In Property Value	£10	£19,560	£34,915	£46,462	£32,368	£133,315
Net Return	£4,989	£24,980	£40,790	£53,130	£39,849	£163,738
Return From Rental Income (%)	1%	2%	2%	2%	2%	9%
Total Net Return (%)	1%	7%	12%	16%	12%	49%