	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£46,164	£46,856	£48,028	£49,229	£50,705	£240,982
Total Expenses	£33,952	£34,068	£34,228	£34,392	£34,582	£171,222
Profit Before Tax	£12,212	£12,789	£13,800	£14,837	£16,123	£69,760
Profit After Tax	£9,891	£10,359	£11,178	£12,018	£13,060	£56,506
Change In Property Value	£7	£7	£13,780	£24,598	£32,733	£71,124
Net Return	£9,898	£10,366	£24,958	£36,616	£45,793	£127,630
Return From Rental Income (%)	4%	5%	5%	5%	6%	25%
Total Net Return (%)	4%	5%	11%	16%	20%	56%