	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£39,000	£39,585	£40,575	£41,589	£42,837	£203,585
Total Expenses	£30,189	£30,259	£30,368	£30,481	£30,616	£151,913
Profit Before Tax	£8,811	£9,326	£10,206	£11,108	£12,220	£51,672
Profit After Tax	£7,137	£7,554	£8,267	£8,998	£9,899	£41,854
Change In Property Value	£7	£7	£13,000	£23,205	£30,880	£67,099
Net Return	£7,144	£7,561	£21,267	£32,203	£40,778	£108,953
Return From Rental Income (%)	3%	3%	4%	4%	5%	19%
Total Net Return (%)	3%	4%	10%	15%	19%	50%