	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£33,000	£33,495	£34,332	£35,191	£36,246	£172,264
Total Expenses	£25,137	£25,233	£25,359	£25,489	£25,637	£126,856
Profit Before Tax	£7,863	£8,262	£8,973	£9,701	£10,609	£45,408
Profit After Tax	£6,369	£6,692	£7,268	£7,858	£8,593	£36,781
Change In Property Value	£5	£5	£10,000	£17,850	£23,753	£51,614
Net Return	£6,374	£6,697	£17,268	£25,708	£32,347	£88,394
Return From Rental Income (%)	4%	4%	4%	5%	5%	22%
Total Net Return (%)	4%	4%	11%	16%	20%	54%