	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£40,704	£41,315	£42,347	£43,406	£44,708	£212,480
Total Expenses	£31,944	£32,017	£32,131	£32,248	£32,388	£160,728
Profit Before Tax	£8,760	£9,298	£10,217	£11,159	£12,320	£51,753
Profit After Tax	£7,095	£7,531	£8,276	£9,038	£9,979	£41,920
Change In Property Value	£7	£7	£13,799	£24,632	£32,778	£71,223
Net Return	£7,102	£7,538	£22,075	£33,670	£42,757	£113,142
Return From Rental Income (%)	3%	3%	4%	4%	4%	18%
Total Net Return (%)	3%	3%	10%	15%	19%	49%