	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£54,000	£54,810	£55,632	£57,023	£58,449	£279,914
Total Expenses	£50,836	£50,967	£51,090	£51,271	£51,457	£255,622
Profit Before Tax	£3,164	£3,843	£4,542	£5,752	£6,992	£24,292
Profit After Tax	£2,563	£3,113	£3,679	£4,659	£5,663	£19,676
Change In Property Value	£14	£27,000	£48,195	£64,134	£44,680	£184,024
Net Return	£2,576	£30,113	£51,874	£68,793	£50,344	£203,700
Return From Rental Income (%)	1%	1%	1%	1%	1%	4%
Total Net Return (%)	1%	6%	11%	14%	10%	42%