	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£47,700	£48,415	£49,142	£50,370	£51,630	£247,257
Total Expenses	£40,876	£40,997	£41,111	£41,275	£41,444	£205,703
Profit Before Tax	£6,825	£7,418	£8,031	£9,095	£10,186	£41,555
Profit After Tax	£5,528	£6,009	£6,505	£7,367	£8,250	£33,659
Change In Property Value	£11	£21,200	£37,842	£50,357	£35,082	£144,493
Net Return	£5,538	£27,209	£44,348	£57,724	£43,333	£178,152
Return From Rental Income (%)	2%	2%	2%	2%	2%	9%
Total Net Return (%)	2%	7%	12%	16%	12%	49%