	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£36,696	£37,246	£37,805	£38,750	£39,719	£190,217
Total Expenses	£34,466	£34,571	£34,668	£34,804	£34,944	£173,454
Profit Before Tax	£2,230	£2,675	£3,137	£3,946	£4,775	£16,763
Profit After Tax	£1,806	£2,167	£2,541	£3,196	£3,868	£13,578
Change In Property Value	£9	£17,900	£31,952	£42,519	£29,621	£122,001
Net Return	£1,815	£20,067	£34,493	£45,715	£33,489	£135,579
Return From Rental Income (%)	1%	1%	1%	1%	1%	4%
Total Net Return (%)	1%	7%	11%	15%	11%	45%