	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£50,628	£51,387	£52,158	£53,462	£54,799	£262,435
Total Expenses	£43,260	£43,386	£43,504	£43,676	£43,852	£217,677
Profit Before Tax	£7,368	£8,002	£8,655	£9,786	£10,947	£44,757
Profit After Tax	£5,968	£6,481	£7,010	£7,927	£8,867	£36,254
Change In Property Value	£11	£22,500	£40,163	£53,445	£37,234	£153,353
Net Return	£5,980	£28,982	£47,173	£61,372	£46,100	£189,607
Return From Rental Income (%)	2%	2%	2%	2%	2%	9%
Total Net Return (%)	2%	7%	12%	16%	12%	48%