	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£34,500	£35,017	£35,893	£36,790	£37,894	£180,095
Total Expenses	£26,761	£26,824	£26,923	£27,023	£27,144	£134,676
Profit Before Tax	£7,739	£8,193	£8,970	£9,767	£10,750	£45,419
Profit After Tax	£6,268	£6,636	£7,266	£7,911	£8,707	£36,789
Change In Property Value	£6	£6	£11,499	£20,526	£27,314	£59,351
Net Return	£6,274	£6,642	£18,765	£28,437	£36,022	£96,140
Return From Rental Income (%)	3%	3%	4%	4%	5%	19%
Total Net Return (%)	3%	4%	10%	15%	19%	51%