	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£42,780	£43,422	£44,507	£45,620	£46,989	£223,317
Total Expenses	£35,042	£35,153	£35,304	£35,459	£35,639	£176,597
Profit Before Tax	£7,738	£8,269	£9,203	£10,161	£11,350	£46,721
Profit After Tax	£6,267	£6,698	£7,455	£8,230	£9,193	£37,844
Change In Property Value	£7	£7	£14,500	£25,883	£34,443	£74,841
Net Return	£6,275	£6,705	£21,955	£34,113	£43,636	£112,684
Return From Rental Income (%)	3%	3%	3%	3%	4%	16%
Total Net Return (%)	3%	3%	9%	14%	18%	47%