	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£46,200	£46,893	£48,065	£49,267	£50,745	£241,170
Total Expenses	£34,393	£34,508	£34,668	£34,832	£35,022	£173,423
Profit Before Tax	£11,808	£12,385	£13,397	£14,435	£15,722	£67,747
Profit After Tax	£9,564	£10,032	£10,852	£11,692	£12,735	£54,875
Change In Property Value	£7	£7	£14,000	£24,990	£33,255	£72,260
Net Return	£9,571	£10,039	£24,852	£36,683	£45,990	£127,135
Return From Rental Income (%)	4%	4%	5%	5%	5%	24%
Total Net Return (%)	4%	4%	11%	16%	20%	54%