	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£44,256	£44,920	£46,043	£47,194	£48,610	£231,022
Total Expenses	£34,682	£34,760	£34,883	£35,009	£35,161	£174,494
Profit Before Tax	£9,574	£10,160	£11,160	£12,185	£13,449	£56,528
Profit After Tax	£7,755	£8,230	£9,040	£9,870	£10,893	£45,788
Change In Property Value	£8	£8	£15,000	£26,776	£35,631	£77,421
Net Return	£7,763	£8,237	£24,040	£36,645	£46,524	£123,209
Return From Rental Income (%)	3%	3%	4%	4%	4%	18%
Total Net Return (%)	3%	3%	10%	15%	19%	49%