	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£41,304	£41,924	£42,972	£44,046	£45,367	£215,612
Total Expenses	£32,403	£32,476	£32,592	£32,710	£32,853	£163,035
Profit Before Tax	£8,901	£9,447	£10,380	£11,336	£12,514	£52,578
Profit After Tax	£7,210	£7,652	£8,408	£9,182	£10,137	£42,588
Change In Property Value	£7	£7	£14,000	£24,990	£33,255	£72,260
Net Return	£7,217	£7,659	£22,408	£34,172	£43,392	£114,848
Return From Rental Income (%)	3%	3%	4%	4%	4%	18%
Total Net Return (%)	3%	3%	10%	15%	19%	49%