	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£45,000	£45,675	£46,360	£47,519	£48,707	£233,261
Total Expenses	£37,175	£37,255	£37,334	£37,460	£37,590	£186,813
Profit Before Tax	£7,825	£8,420	£9,026	£10,059	£11,118	£46,448
Profit After Tax	£6,338	£6,820	£7,311	£8,148	£9,005	£37,623
Change In Property Value	£10	£20,000	£35,700	£47,507	£33,097	£136,314
Net Return	£6,348	£26,820	£43,012	£55,655	£42,102	£173,937
Return From Rental Income (%)	2%	2%	2%	2%	3%	11%
Total Net Return (%)	2%	8%	13%	16%	12%	51%