	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£36,252	£36,796	£37,348	£38,281	£39,238	£187,915
Total Expenses	£27,452	£27,519	£27,584	£27,688	£27,795	£138,038
Profit Before Tax	£8,800	£9,277	£9,763	£10,593	£11,444	£49,877
Profit After Tax	£7,128	£7,514	£7,908	£8,580	£9,270	£40,400
Change In Property Value	£7	£14,500	£25,883	£34,443	£23,995	£98,828
Net Return	£7,135	£22,014	£33,791	£43,023	£33,265	£139,228
Return From Rental Income (%)	3%	3%	3%	4%	4%	17%
Total Net Return (%)	3%	9%	14%	18%	14%	57%