	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£44,796	£45,468	£46,605	£47,770	£49,203	£233,841
Total Expenses	£32,752	£32,831	£32,955	£33,083	£33,237	£164,857
Profit Before Tax	£12,044	£12,637	£13,649	£14,687	£15,966	£68,984
Profit After Tax	£9,756	£10,236	£11,056	£11,897	£12,933	£55,877
Change In Property Value	£7	£7	£14,000	£24,990	£33,255	£72,260
Net Return	£9,763	£10,243	£25,056	£36,887	£46,188	£128,137
Return From Rental Income (%)	4%	4%	5%	5%	6%	24%
Total Net Return (%)	4%	4%	11%	16%	20%	55%