	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£46,404	£47,100	£48,278	£49,485	£50,969	£242,235
Total Expenses	£35,405	£35,520	£35,681	£35,846	£36,037	£178,489
Profit Before Tax	£10,999	£11,580	£12,596	£13,639	£14,932	£63,746
Profit After Tax	£8,909	£9,380	£10,203	£11,047	£12,095	£51,635
Change In Property Value	£7	£7	£14,500	£25,883	£34,443	£74,841
Net Return	£8,917	£9,387	£24,703	£36,930	£46,538	£126,475
Return From Rental Income (%)	4%	4%	4%	5%	5%	21%
Total Net Return (%)	4%	4%	10%	15%	19%	52%