	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£30,936	£31,400	£32,185	£32,990	£33,979	£161,490
Total Expenses	£27,200	£27,258	£27,347	£27,439	£27,548	£136,793
Profit Before Tax	£3,736	£4,142	£4,838	£5,551	£6,431	£24,697
Profit After Tax	£3,026	£3,355	£3,919	£4,496	£5,209	£20,005
Change In Property Value	£5,950	£6,010	£18,209	£25,007	£29,258	£84,433
Net Return	£8,976	£9,364	£22,127	£29,503	£34,467	£104,438
Return From Rental Income (%)	2%	2%	2%	2%	3%	10%
Total Net Return (%)	5%	5%	11%	15%	18%	53%