	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£53,868	£54,676	£55,496	£56,884	£58,306	£279,229
Total Expenses	£45,900	£46,031	£46,154	£46,335	£46,520	£230,940
Profit Before Tax	£7,968	£8,645	£9,342	£10,549	£11,786	£48,290
Profit After Tax	£6,454	£7,002	£7,567	£8,545	£9,547	£39,115
Change In Property Value	£12	£23,940	£42,733	£56,866	£39,617	£163,168
Net Return	£6,466	£30,943	£50,300	£65,410	£49,163	£202,283
Return From Rental Income (%)	2%	2%	2%	2%	2%	9%
Total Net Return (%)	2%	7%	12%	16%	12%	48%