	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£48,000	£48,720	£49,938	£51,186	£52,722	£250,566
Total Expenses	£37,040	£37,124	£37,256	£37,392	£37,556	£186,367
Profit Before Tax	£10,960	£11,596	£12,682	£13,795	£15,166	£64,199
Profit After Tax	£8,878	£9,393	£10,272	£11,174	£12,284	£52,001
Change In Property Value	£8	£8	£16,000	£28,561	£38,006	£82,583
Net Return	£8,886	£9,401	£26,273	£39,734	£50,290	£134,584
Return From Rental Income (%)	3%	3%	4%	4%	5%	19%
Total Net Return (%)	3%	4%	10%	15%	19%	50%