	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£46,560	£47,258	£48,440	£49,651	£51,140	£243,050
Total Expenses	£34,230	£34,346	£34,507	£34,672	£34,864	£172,619
Profit Before Tax	£12,330	£12,912	£13,933	£14,979	£16,277	£70,431
Profit After Tax	£9,987	£10,459	£11,286	£12,133	£13,184	£57,049
Change In Property Value	£7	£7	£13,900	£24,812	£33,018	£71,744
Net Return	£9,994	£10,466	£25,186	£36,945	£46,202	£128,793
Return From Rental Income (%)	4%	5%	5%	5%	6%	25%
Total Net Return (%)	4%	5%	11%	16%	20%	56%