	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£33,396	£33,897	£34,405	£35,266	£36,147	£173,111
Total Expenses	£30,919	£31,019	£31,111	£31,239	£31,369	£155,656
Profit Before Tax	£2,477	£2,878	£3,295	£4,027	£4,778	£17,455
Profit After Tax	£2,007	£2,331	£2,669	£3,262	£3,870	£14,139
Change In Property Value	£8	£15,900	£28,382	£37,768	£26,312	£108,370
Net Return	£2,015	£18,231	£31,051	£41,030	£30,182	£122,508
Return From Rental Income (%)	1%	1%	1%	1%	1%	5%
Total Net Return (%)	1%	7%	12%	15%	11%	46%