	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£39,828	£40,425	£41,436	£42,472	£43,746	£207,908
Total Expenses	£32,763	£32,869	£33,013	£33,161	£33,331	£165,137
Profit Before Tax	£7,065	£7,556	£8,423	£9,311	£10,415	£42,770
Profit After Tax	£5,722	£6,121	£6,823	£7,542	£8,436	£34,644
Change In Property Value	£7	£7	£13,500	£24,098	£32,068	£69,679
Net Return	£5,729	£6,127	£20,323	£31,640	£40,504	£104,323
Return From Rental Income (%)	3%	3%	3%	3%	4%	15%
Total Net Return (%)	3%	3%	9%	14%	18%	46%