	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£38,940	£39,524	£40,512	£41,525	£42,771	£203,272
Total Expenses	£30,580	£30,649	£30,759	£30,871	£31,006	£153,866
Profit Before Tax	£8,361	£8,875	£9,753	£10,654	£11,764	£49,407
Profit After Tax	£6,772	£7,188	£7,900	£8,630	£9,529	£40,019
Change In Property Value	£7	£7	£13,200	£23,562	£31,355	£68,131
Net Return	£6,779	£7,195	£21,100	£32,192	£40,884	£108,150
Return From Rental Income (%)	3%	3%	4%	4%	4%	18%
Total Net Return (%)	3%	3%	10%	15%	19%	49%