	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£49,896	£50,644	£51,911	£53,208	£54,805	£260,464
Total Expenses	£37,624	£37,711	£37,848	£37,989	£38,159	£189,331
Profit Before Tax	£12,272	£12,934	£14,062	£15,220	£16,645	£71,133
Profit After Tax	£9,940	£10,476	£11,391	£12,328	£13,483	£57,618
Change In Property Value	£8	£8	£16,199	£28,916	£38,479	£83,610
Net Return	£9,948	£10,484	£27,590	£41,244	£51,961	£141,228
Return From Rental Income (%)	4%	4%	4%	5%	5%	21%
Total Net Return (%)	4%	4%	10%	15%	19%	52%