	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£37,128	£37,685	£38,250	£39,206	£40,187	£192,456
Total Expenses	£32,257	£32,363	£32,460	£32,598	£32,739	£162,417
Profit Before Tax	£4,871	£5,322	£5,790	£6,609	£7,448	£30,039
Profit After Tax	£3,945	£4,311	£4,690	£5,353	£6,033	£24,332
Change In Property Value	£8	£16,500	£29,453	£39,193	£27,305	£112,459
Net Return	£3,954	£20,811	£34,143	£44,546	£33,338	£136,791
Return From Rental Income (%)	1%	2%	2%	2%	2%	9%
Total Net Return (%)	1%	8%	12%	16%	12%	49%