	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£36,852	£37,405	£38,340	£39,298	£40,477	£192,372
Total Expenses	£27,506	£27,607	£27,744	£27,884	£28,044	£138,785
Profit Before Tax	£9,346	£9,797	£10,596	£11,415	£12,433	£53,588
Profit After Tax	£7,570	£7,936	£8,583	£9,246	£10,071	£43,406
Change In Property Value	£5	£5	£11,000	£19,635	£26,129	£56,775
Net Return	£7,576	£7,941	£19,583	£28,881	£36,200	£100,181
Return From Rental Income (%)	4%	4%	5%	5%	6%	24%
Total Net Return (%)	4%	4%	11%	16%	20%	55%