	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£36,000	£36,540	£37,453	£38,390	£39,542	£187,925
Total Expenses	£27,905	£27,970	£28,072	£28,177	£28,303	£140,427
Profit Before Tax	£8,095	£8,570	£9,381	£10,213	£11,239	£47,498
Profit After Tax	£6,557	£6,941	£7,599	£8,272	£9,103	£38,473
Change In Property Value	£6	£6	£12,000	£21,420	£28,504	£61,937
Net Return	£6,563	£6,947	£19,599	£29,693	£37,608	£100,410
Return From Rental Income (%)	3%	3%	4%	4%	5%	19%
Total Net Return (%)	3%	4%	10%	15%	19%	51%