	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£35,196	£35,724	£36,260	£37,166	£38,095	£182,441
Total Expenses	£31,260	£31,362	£31,457	£31,589	£31,725	£157,393
Profit Before Tax	£3,936	£4,362	£4,803	£5,577	£6,370	£25,048
Profit After Tax	£3,188	£3,533	£3,890	£4,517	£5,160	£20,289
Change In Property Value	£8	£16,000	£28,560	£38,006	£26,477	£109,051
Net Return	£3,196	£19,533	£32,451	£42,523	£31,637	£129,340
Return From Rental Income (%)	1%	1%	1%	2%	2%	8%
Total Net Return (%)	1%	7%	12%	16%	12%	48%