	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£44,100	£44,761	£45,881	£47,028	£48,438	£230,208
Total Expenses	£34,071	£34,149	£34,271	£34,397	£34,549	£171,437
Profit Before Tax	£10,029	£10,613	£11,609	£12,630	£13,890	£58,771
Profit After Tax	£8,123	£8,596	£9,403	£10,231	£11,251	£47,604
Change In Property Value	£7	£7	£14,700	£26,240	£34,918	£75,873
Net Return	£8,131	£8,604	£24,104	£36,471	£46,169	£123,477
Return From Rental Income (%)	3%	3%	4%	4%	5%	19%
Total Net Return (%)	3%	4%	10%	15%	19%	50%