	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£39,900	£40,498	£41,106	£42,134	£43,187	£206,825
Total Expenses	£35,056	£35,129	£35,200	£35,313	£35,429	£176,126
Profit Before Tax	£4,844	£5,370	£5,906	£6,821	£7,758	£30,699
Profit After Tax	£3,923	£4,350	£4,784	£5,525	£6,284	£24,866
Change In Property Value	£10	£19,000	£33,915	£45,132	£31,442	£129,498
Net Return	£3,933	£23,350	£38,700	£50,656	£37,726	£154,365
Return From Rental Income (%)	1%	1%	1%	2%	2%	8%
Total Net Return (%)	1%	7%	12%	16%	12%	48%