	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£35,772	£36,309	£37,216	£38,147	£39,291	£186,735
Total Expenses	£32,358	£32,457	£32,591	£32,728	£32,885	£163,020
Profit Before Tax	£3,414	£3,851	£4,625	£5,419	£6,406	£23,715
Profit After Tax	£2,765	£3,119	£3,746	£4,389	£5,189	£19,209
Change In Property Value	£7	£7	£13,500	£24,098	£32,068	£69,679
Net Return	£2,772	£3,126	£17,247	£28,487	£37,256	£88,888
Return From Rental Income (%)	1%	1%	2%	2%	2%	9%
Total Net Return (%)	1%	1%	8%	13%	17%	40%