	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£13,860	£14,068	£14,279	£14,636	£15,002	£71,845
Total Expenses	£10,947	£11,018	£11,080	£11,158	£11,237	£55,439
Profit Before Tax	£2,913	£3,050	£3,199	£3,478	£3,765	£16,405
Profit After Tax	£2,359	£2,470	£2,591	£2,817	£3,050	£13,288
Change In Property Value	£2	£4,700	£8,390	£11,164	£7,778	£32,034
Net Return	£2,362	£7,171	£10,981	£13,982	£10,827	£45,322
Return From Rental Income (%)	3%	3%	4%	4%	4%	19%
Total Net Return (%)	3%	10%	15%	20%	15%	72%