	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£38,352	£38,927	£39,900	£40,898	£42,125	£200,203
Total Expenses	£30,124	£30,193	£30,301	£30,412	£30,545	£151,575
Profit Before Tax	£8,228	£8,734	£9,599	£10,486	£11,580	£48,628
Profit After Tax	£6,665	£7,075	£7,776	£8,494	£9,380	£39,389
Change In Property Value	£7	£7	£13,000	£23,205	£30,880	£67,099
Net Return	£6,671	£7,081	£20,776	£31,699	£40,259	£106,487
Return From Rental Income (%)	3%	3%	4%	4%	4%	18%
Total Net Return (%)	3%	3%	10%	15%	19%	49%