	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£36,000	£36,540	£37,453	£38,390	£39,542	£187,925
Total Expenses	£27,421	£27,521	£27,656	£27,793	£27,951	£138,342
Profit Before Tax	£8,579	£9,019	£9,798	£10,597	£11,591	£49,583
Profit After Tax	£6,949	£7,305	£7,936	£8,583	£9,388	£40,162
Change In Property Value	£6	£6	£11,000	£19,635	£26,129	£56,776
Net Return	£6,954	£7,311	£18,937	£28,219	£35,518	£96,938
Return From Rental Income (%)	4%	4%	4%	5%	5%	22%
Total Net Return (%)	4%	4%	10%	16%	20%	54%