	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£52,500	£53,288	£54,087	£55,439	£56,825	£272,138
Total Expenses	£47,469	£47,598	£47,718	£47,895	£48,077	£238,757
Profit Before Tax	£5,031	£5,690	£6,368	£7,544	£8,748	£33,381
Profit After Tax	£4,075	£4,609	£5,158	£6,110	£7,086	£27,039
Change In Property Value	£13	£25,000	£44,625	£59,384	£41,371	£170,393
Net Return	£4,088	£29,609	£49,784	£65,494	£48,457	£197,431
Return From Rental Income (%)	1%	1%	1%	1%	2%	6%
Total Net Return (%)	1%	7%	11%	15%	11%	45%