	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£37,500	£38,062	£39,014	£39,989	£41,189	£195,755
Total Expenses	£34,006	£34,074	£34,180	£34,288	£34,419	£170,968
Profit Before Tax	£3,494	£3,988	£4,834	£5,701	£6,770	£24,787
Profit After Tax	£2,830	£3,231	£3,916	£4,618	£5,484	£20,078
Change In Property Value	£8	£8	£15,000	£26,776	£35,631	£77,421
Net Return	£2,837	£3,238	£18,916	£31,393	£41,114	£97,499
Return From Rental Income (%)	1%	1%	2%	2%	2%	8%
Total Net Return (%)	1%	1%	8%	13%	16%	39%