	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£29,700	£30,145	£30,598	£31,363	£32,147	£153,953
Total Expenses	£26,688	£26,783	£26,869	£26,987	£27,108	£134,435
Profit Before Tax	£3,012	£3,363	£3,729	£4,375	£5,038	£19,517
Profit After Tax	£2,440	£2,724	£3,020	£3,544	£4,081	£15,809
Change In Property Value	£7	£13,500	£24,098	£32,067	£22,340	£92,012
Net Return	£2,446	£16,224	£27,118	£35,611	£26,421	£107,821
Return From Rental Income (%)	1%	1%	1%	2%	2%	7%
Total Net Return (%)	1%	7%	12%	16%	12%	48%