	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£33,828	£34,335	£34,850	£35,722	£36,615	£175,350
Total Expenses	£30,427	£30,490	£30,552	£30,650	£30,750	£152,869
Profit Before Tax	£3,401	£3,845	£4,298	£5,072	£5,865	£22,481
Profit After Tax	£2,755	£3,114	£3,482	£4,108	£4,751	£18,210
Change In Property Value	£8	£16,500	£29,453	£39,193	£27,305	£112,459
Net Return	£2,763	£19,615	£32,934	£43,302	£32,055	£130,669
Return From Rental Income (%)	1%	1%	1%	1%	2%	7%
Total Net Return (%)	1%	7%	12%	16%	12%	47%