	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£40,500	£41,107	£41,724	£42,767	£43,836	£209,935
Total Expenses	£35,008	£35,118	£35,221	£35,367	£35,517	£176,230
Profit Before Tax	£5,493	£5,989	£6,503	£7,400	£8,320	£33,705
Profit After Tax	£4,449	£4,851	£5,268	£5,994	£6,739	£27,301
Change In Property Value	£9	£18,000	£32,130	£42,756	£29,787	£122,683
Net Return	£4,458	£22,851	£37,398	£48,750	£36,526	£149,984
Return From Rental Income (%)	1%	2%	2%	2%	2%	9%
Total Net Return (%)	1%	8%	12%	16%	12%	49%