	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£46,200	£46,893	£48,065	£49,267	£50,745	£241,170
Total Expenses	£36,376	£36,492	£36,652	£36,816	£37,006	£183,342
Profit Before Tax	£9,824	£10,401	£11,414	£12,451	£13,739	£57,829
Profit After Tax	£7,957	£8,425	£9,245	£10,085	£11,128	£46,841
Change In Property Value	£8	£8	£15,000	£26,776	£35,631	£77,421
Net Return	£7,965	£8,433	£24,245	£36,861	£46,759	£124,263
Return From Rental Income (%)	3%	3%	4%	4%	4%	19%
Total Net Return (%)	3%	3%	10%	15%	19%	50%