	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£35,616	£36,150	£37,054	£37,980	£39,120	£185,920
Total Expenses	£32,739	£32,838	£32,972	£33,108	£33,265	£164,922
Profit Before Tax	£2,877	£3,312	£4,082	£4,872	£5,855	£20,998
Profit After Tax	£2,330	£2,683	£3,307	£3,946	£4,742	£17,009
Change In Property Value	£7	£7	£13,700	£24,455	£32,543	£70,712
Net Return	£2,337	£2,689	£17,007	£28,401	£37,285	£87,720
Return From Rental Income (%)	1%	1%	1%	2%	2%	7%
Total Net Return (%)	1%	1%	7%	12%	16%	38%