	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£34,224	£34,737	£35,606	£36,496	£37,591	£178,654
Total Expenses	£28,434	£28,531	£28,661	£28,794	£28,946	£143,366
Profit Before Tax	£5,790	£6,206	£6,945	£7,702	£8,645	£35,288
Profit After Tax	£4,690	£5,027	£5,625	£6,239	£7,002	£28,583
Change In Property Value	£6	£6	£11,600	£20,706	£27,554	£59,873
Net Return	£4,696	£5,033	£17,225	£26,945	£34,557	£88,456
Return From Rental Income (%)	2%	3%	3%	3%	4%	15%
Total Net Return (%)	2%	3%	9%	14%	18%	46%