	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£22,404	£22,740	£23,309	£23,891	£24,608	£116,952
Total Expenses	£18,126	£18,206	£18,306	£18,408	£18,522	£91,569
Profit Before Tax	£4,278	£4,534	£5,003	£5,483	£6,086	£25,383
Profit After Tax	£3,465	£3,673	£4,052	£4,441	£4,929	£20,560
Change In Property Value	£3	£3	£7,000	£12,495	£16,627	£36,129
Net Return	£3,468	£3,676	£11,052	£16,937	£21,557	£56,690
Return From Rental Income (%)	3%	3%	4%	4%	4%	19%
Total Net Return (%)	3%	3%	10%	15%	19%	51%