	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£38,352	£38,927	£39,900	£40,898	£42,125	£200,203
Total Expenses	£31,624	£31,727	£31,868	£32,011	£32,177	£159,407
Profit Before Tax	£6,728	£7,200	£8,033	£8,887	£9,948	£40,795
Profit After Tax	£5,450	£5,832	£6,506	£7,198	£8,058	£33,044
Change In Property Value	£7	£7	£13,000	£23,205	£30,880	£67,099
Net Return	£5,456	£5,838	£19,507	£30,404	£38,938	£100,143
Return From Rental Income (%)	3%	3%	3%	3%	4%	15%
Total Net Return (%)	3%	3%	9%	14%	18%	46%