	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£23,652	£24,007	£24,367	£24,976	£25,600	£122,602
Total Expenses	£20,561	£20,609	£20,656	£20,727	£20,800	£103,354
Profit Before Tax	£3,091	£3,397	£3,711	£4,249	£4,800	£19,248
Profit After Tax	£2,503	£2,752	£3,006	£3,442	£3,888	£15,591
Change In Property Value	£5,500	£16,665	£22,887	£26,777	£21,764	£93,593
Net Return	£8,003	£19,417	£25,893	£30,219	£25,652	£109,184
Return From Rental Income (%)	1%	2%	2%	2%	2%	9%
Total Net Return (%)	4%	11%	14%	17%	14%	60%