	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£38,400	£38,976	£39,950	£40,949	£42,178	£200,453
Total Expenses	£29,645	£29,749	£29,889	£30,033	£30,198	£149,514
Profit Before Tax	£8,755	£9,227	£10,061	£10,916	£11,979	£50,940
Profit After Tax	£7,092	£7,474	£8,150	£8,842	£9,703	£41,261
Change In Property Value	£6	£6	£12,000	£21,420	£28,504	£61,937
Net Return	£7,098	£7,480	£20,150	£30,263	£38,208	£103,198
Return From Rental Income (%)	4%	4%	4%	4%	5%	21%
Total Net Return (%)	4%	4%	10%	15%	19%	52%