	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£29,400	£29,841	£30,587	£31,352	£32,292	£153,472
Total Expenses	£27,245	£27,301	£27,386	£27,473	£27,578	£136,983
Profit Before Tax	£2,155	£2,540	£3,201	£3,878	£4,714	£16,489
Profit After Tax	£1,746	£2,058	£2,593	£3,141	£3,818	£13,356
Change In Property Value	£6	£6	£12,000	£21,420	£28,504	£61,937
Net Return	£1,752	£2,064	£14,593	£24,562	£32,323	£75,293
Return From Rental Income (%)	1%	1%	1%	2%	2%	7%
Total Net Return (%)	1%	1%	7%	12%	16%	38%