	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£52,728	£53,519	£54,857	£56,228	£57,915	£275,247
Total Expenses	£43,972	£44,097	£44,274	£44,455	£44,666	£221,465
Profit Before Tax	£8,756	£9,422	£10,583	£11,773	£13,249	£53,782
Profit After Tax	£7,092	£7,632	£8,572	£9,536	£10,732	£43,564
Change In Property Value	£9	£9	£18,500	£33,023	£43,944	£95,486
Net Return	£7,101	£7,641	£27,072	£42,560	£54,676	£139,050
Return From Rental Income (%)	2%	2%	3%	3%	3%	14%
Total Net Return (%)	2%	2%	9%	14%	18%	45%