	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£37,500	£38,062	£39,014	£39,989	£41,189	£195,755
Total Expenses	£29,047	£29,115	£29,221	£29,329	£29,460	£146,171
Profit Before Tax	£8,453	£8,948	£9,794	£10,660	£11,729	£49,584
Profit After Tax	£6,847	£7,248	£7,933	£8,635	£9,501	£40,163
Change In Property Value	£6	£6	£12,500	£22,313	£29,692	£64,518
Net Return	£6,853	£7,254	£20,433	£30,948	£39,193	£104,681
Return From Rental Income (%)	3%	3%	4%	4%	5%	19%
Total Net Return (%)	3%	4%	10%	15%	19%	51%