	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£44,220	£44,883	£46,005	£47,156	£48,570	£230,834
Total Expenses	£33,686	£33,764	£33,887	£34,013	£34,165	£169,516
Profit Before Tax	£10,534	£11,119	£12,118	£13,142	£14,405	£61,318
Profit After Tax	£8,532	£9,006	£9,816	£10,645	£11,668	£49,668
Change In Property Value	£7	£7	£14,500	£25,883	£34,443	£74,841
Net Return	£8,539	£9,014	£24,316	£36,528	£46,111	£124,508
Return From Rental Income (%)	4%	4%	4%	4%	5%	21%
Total Net Return (%)	4%	4%	10%	15%	19%	51%