	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£36,120	£36,662	£37,212	£38,142	£39,096	£187,231
Total Expenses	£33,283	£33,387	£33,483	£33,618	£33,756	£167,525
Profit Before Tax	£2,838	£3,275	£3,729	£4,524	£5,340	£19,706
Profit After Tax	£2,298	£2,653	£3,021	£3,665	£4,325	£15,962
Change In Property Value	£9	£17,200	£30,702	£40,856	£28,463	£117,230
Net Return	£2,307	£19,853	£33,723	£44,521	£32,788	£133,192
Return From Rental Income (%)	1%	1%	1%	1%	1%	6%
Total Net Return (%)	1%	7%	12%	15%	11%	46%