	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£45,528	£46,211	£47,366	£48,550	£50,007	£237,662
Total Expenses	£36,198	£36,277	£36,404	£36,533	£36,689	£182,101
Profit Before Tax	£9,330	£9,933	£10,962	£12,017	£13,317	£55,561
Profit After Tax	£7,558	£8,046	£8,880	£9,734	£10,787	£45,004
Change In Property Value	£8	£8	£15,700	£28,025	£37,293	£81,034
Net Return	£7,565	£8,054	£24,580	£37,759	£48,080	£126,039
Return From Rental Income (%)	3%	3%	3%	4%	4%	17%
Total Net Return (%)	3%	3%	9%	14%	18%	48%