	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£38,856	£39,439	£40,030	£41,031	£42,057	£201,413
Total Expenses	£34,147	£34,218	£34,288	£34,398	£34,511	£171,563
Profit Before Tax	£4,709	£5,221	£5,743	£6,633	£7,546	£29,850
Profit After Tax	£3,814	£4,229	£4,652	£5,373	£6,112	£24,179
Change In Property Value	£9	£18,500	£33,023	£43,944	£30,614	£126,091
Net Return	£3,823	£22,729	£37,674	£49,317	£36,726	£150,269
Return From Rental Income (%)	1%	1%	1%	2%	2%	8%
Total Net Return (%)	1%	7%	12%	16%	12%	48%