	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£31,500	£31,972	£32,452	£33,263	£34,095	£163,283
Total Expenses	£27,673	£27,770	£27,859	£27,982	£28,107	£139,390
Profit Before Tax	£3,828	£4,203	£4,593	£5,282	£5,987	£23,893
Profit After Tax	£3,100	£3,404	£3,721	£4,278	£4,850	£19,353
Change In Property Value	£7	£14,000	£24,990	£33,255	£23,168	£95,420
Net Return	£3,107	£17,404	£28,711	£37,533	£28,017	£114,773
Return From Rental Income (%)	1%	1%	2%	2%	2%	8%
Total Net Return (%)	1%	7%	12%	16%	12%	49%