	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£52,632	£53,421	£54,757	£56,126	£57,810	£274,746
Total Expenses	£42,653	£42,778	£42,955	£43,136	£43,347	£214,868
Profit Before Tax	£9,979	£10,643	£11,802	£12,990	£14,463	£59,878
Profit After Tax	£8,083	£8,621	£9,560	£10,522	£11,715	£48,501
Change In Property Value	£9	£9	£17,840	£31,845	£42,377	£92,080
Net Return	£8,092	£8,630	£27,400	£42,367	£54,092	£140,581
Return From Rental Income (%)	3%	3%	3%	3%	4%	16%
Total Net Return (%)	3%	3%	9%	14%	18%	47%