	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£33,504	£34,007	£34,857	£35,728	£36,800	£174,895
Total Expenses	£25,188	£25,284	£25,412	£25,543	£25,693	£127,120
Profit Before Tax	£8,316	£8,722	£9,445	£10,185	£11,107	£47,775
Profit After Tax	£6,736	£7,065	£7,650	£8,250	£8,997	£38,698
Change In Property Value	£5	£5	£10,000	£17,850	£23,754	£51,614
Net Return	£6,741	£7,070	£17,650	£26,100	£32,750	£90,312
Return From Rental Income (%)	4%	4%	5%	5%	6%	24%
Total Net Return (%)	4%	4%	11%	16%	20%	55%