	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£28,560	£28,988	£29,423	£30,159	£30,913	£148,043
Total Expenses	£22,500	£22,555	£22,609	£22,693	£22,779	£113,137
Profit Before Tax	£6,060	£6,433	£6,814	£7,466	£8,134	£34,906
Profit After Tax	£4,908	£5,211	£5,519	£6,047	£6,588	£28,274
Change In Property Value	£6	£11,900	£21,242	£28,267	£19,692	£81,107
Net Return	£4,914	£17,111	£26,761	£34,314	£26,281	£109,381
Return From Rental Income (%)	2%	3%	3%	3%	3%	14%
Total Net Return (%)	2%	9%	14%	17%	13%	56%