	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,660	£12,850	£13,043	£13,369	£13,703	£65,624
Total Expenses	£9,765	£9,834	£9,895	£9,969	£10,045	£49,508
Profit Before Tax	£2,895	£3,016	£3,148	£3,400	£3,658	£16,116
Profit After Tax	£2,345	£2,443	£2,550	£2,754	£2,963	£13,054
Change In Property Value	£5,050	£9,317	£11,900	£13,696	£9,679	£49,642
Net Return	£7,395	£11,760	£14,450	£16,450	£12,641	£62,696
Return From Rental Income (%)	4%	4%	4%	4%	5%	21%
Total Net Return (%)	12%	19%	23%	27%	21%	112%