	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£51,756	£52,532	£53,320	£54,653	£56,020	£268,282
Total Expenses	£44,177	£44,304	£44,424	£44,599	£44,779	£222,284
Profit Before Tax	£7,579	£8,228	£8,896	£10,054	£11,241	£45,998
Profit After Tax	£6,139	£6,665	£7,206	£8,144	£9,105	£37,258
Change In Property Value	£12	£23,000	£41,055	£54,633	£38,061	£156,761
Net Return	£6,151	£29,665	£48,261	£62,777	£47,166	£194,019
Return From Rental Income (%)	2%	2%	2%	2%	2%	9%
Total Net Return (%)	2%	7%	12%	16%	12%	48%