	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£42,816	£43,458	£44,545	£45,658	£47,028	£223,505
Total Expenses	£33,856	£33,966	£34,118	£34,273	£34,452	£170,664
Profit Before Tax	£8,960	£9,492	£10,427	£11,386	£12,576	£52,841
Profit After Tax	£7,258	£7,689	£8,446	£9,222	£10,186	£42,801
Change In Property Value	£7	£7	£13,900	£24,812	£33,018	£71,744
Net Return	£7,265	£7,696	£22,346	£34,034	£43,204	£114,545
Return From Rental Income (%)	3%	3%	4%	4%	4%	18%
Total Net Return (%)	3%	3%	10%	15%	19%	49%