	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£49,500	£50,243	£51,499	£52,786	£54,370	£258,397
Total Expenses	£38,182	£38,268	£38,404	£38,544	£38,713	£192,110
Profit Before Tax	£11,318	£11,975	£13,095	£14,242	£15,657	£66,287
Profit After Tax	£9,168	£9,700	£10,607	£11,536	£12,682	£53,692
Change In Property Value	£8	£8	£16,500	£29,453	£39,194	£85,164
Net Return	£9,176	£9,708	£27,107	£40,989	£51,876	£138,856
Return From Rental Income (%)	3%	3%	4%	4%	5%	19%
Total Net Return (%)	3%	4%	10%	15%	19%	50%