	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£22,056	£22,387	£22,723	£23,291	£23,873	£114,329
Total Expenses	£18,684	£18,767	£18,842	£18,941	£19,042	£94,276
Profit Before Tax	£3,372	£3,619	£3,881	£4,350	£4,831	£20,053
Profit After Tax	£2,731	£2,932	£3,143	£3,524	£3,913	£16,243
Change In Property Value	£5	£9,000	£16,065	£21,378	£14,893	£61,341
Net Return	£2,736	£11,932	£19,208	£24,902	£18,807	£77,584
Return From Rental Income (%)	2%	2%	2%	2%	3%	11%
Total Net Return (%)	2%	8%	13%	17%	13%	53%