	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£45,600	£46,284	£47,441	£48,627	£50,086	£238,038
Total Expenses	£42,751	£42,831	£42,958	£43,087	£43,244	£214,871
Profit Before Tax	£2,849	£3,453	£4,483	£5,540	£6,842	£23,167
Profit After Tax	£2,307	£2,797	£3,632	£4,487	£5,542	£18,765
Change In Property Value	£10	£10	£19,000	£33,916	£45,132	£98,067
Net Return	£2,317	£2,806	£22,632	£38,403	£50,674	£116,833
Return From Rental Income (%)	1%	1%	1%	1%	2%	6%
Total Net Return (%)	1%	1%	7%	12%	16%	36%