	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£39,600	£40,194	£40,797	£41,817	£42,862	£205,270
Total Expenses	£34,918	£35,027	£35,128	£35,272	£35,419	£175,764
Profit Before Tax	£4,683	£5,167	£5,669	£6,545	£7,443	£29,506
Profit After Tax	£3,793	£4,185	£4,592	£5,301	£6,029	£23,900
Change In Property Value	£9	£18,000	£32,130	£42,756	£29,787	£122,683
Net Return	£3,802	£22,186	£36,722	£48,058	£35,816	£146,583
Return From Rental Income (%)	1%	1%	2%	2%	2%	8%
Total Net Return (%)	1%	7%	12%	16%	12%	48%