	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£45,720	£46,406	£47,566	£48,755	£50,218	£238,665
Total Expenses	£35,820	£35,900	£36,027	£36,157	£36,314	£180,218
Profit Before Tax	£9,900	£10,506	£11,539	£12,598	£13,904	£58,447
Profit After Tax	£8,019	£8,510	£9,347	£10,205	£11,262	£47,342
Change In Property Value	£8	£8	£15,500	£27,668	£36,818	£80,002
Net Return	£8,027	£8,517	£24,847	£37,873	£48,080	£127,344
Return From Rental Income (%)	3%	3%	4%	4%	4%	18%
Total Net Return (%)	3%	3%	10%	15%	19%	49%