	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£45,360	£46,040	£46,731	£47,899	£49,097	£235,127
Total Expenses	£38,968	£39,086	£39,197	£39,355	£39,518	£196,124
Profit Before Tax	£6,392	£6,954	£7,535	£8,544	£9,579	£39,003
Profit After Tax	£5,177	£5,633	£6,103	£6,921	£7,759	£31,593
Change In Property Value	£10	£20,160	£35,986	£47,887	£33,361	£137,405
Net Return	£5,187	£25,793	£42,089	£54,808	£41,120	£168,997
Return From Rental Income (%)	1%	2%	2%	2%	2%	9%
Total Net Return (%)	2%	7%	12%	16%	12%	49%