	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£50,148	£50,900	£52,173	£53,477	£55,081	£261,779
Total Expenses	£40,739	£40,860	£41,030	£41,204	£41,407	£205,240
Profit Before Tax	£9,409	£10,040	£11,143	£12,273	£13,674	£56,539
Profit After Tax	£7,622	£8,133	£9,026	£9,941	£11,076	£45,797
Change In Property Value	£9	£9	£17,000	£30,346	£40,381	£87,744
Net Return	£7,630	£8,141	£26,026	£40,287	£51,457	£133,541
Return From Rental Income (%)	3%	3%	3%	3%	4%	16%
Total Net Return (%)	3%	3%	9%	14%	18%	47%