	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	£34,874	£34,955	£35,083	£35,214	£35,373	£175,499
Profit Before Tax	£11,326	£11,938	£12,982	£14,053	£15,372	£65,671
Profit After Tax	£9,174	£9,670	£10,516	£11,383	£12,452	£53,194
Change In Property Value	£7	£7	£14,999	£26,774	£35,628	£77,416
Net Return	£9,181	£9,677	£25,515	£38,157	£48,080	£130,610
Return From Rental Income (%)	4%	4%	4%	5%	5%	21%
Total Net Return (%)	4%	4%	10%	15%	19%	52%