	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£36,756	£37,307	£38,240	£39,196	£40,372	£191,871
Total Expenses	£33,932	£33,998	£34,102	£34,209	£34,337	£170,579
Profit Before Tax	£2,824	£3,309	£4,138	£4,987	£6,035	£21,292
Profit After Tax	£2,288	£2,680	£3,351	£4,039	£4,888	£17,247
Change In Property Value	£8	£8	£15,000	£26,776	£35,631	£77,421
Net Return	£2,295	£2,688	£18,352	£30,815	£40,519	£94,668
Return From Rental Income (%)	1%	1%	1%	2%	2%	7%
Total Net Return (%)	1%	1%	7%	12%	16%	38%