	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£15,336	£15,566	£15,800	£16,195	£16,599	£79,495
Total Expenses	£11,899	£11,972	£12,036	£12,118	£12,201	£60,226
Profit Before Tax	£3,437	£3,594	£3,763	£4,077	£4,398	£19,269
Profit After Tax	£2,784	£2,911	£3,048	£3,302	£3,563	£15,608
Change In Property Value	£3	£5,200	£9,282	£12,352	£8,605	£35,442
Net Return	£2,786	£8,111	£12,330	£15,654	£12,168	£51,050
Return From Rental Income (%)	4%	4%	4%	4%	4%	20%
Total Net Return (%)	4%	10%	16%	20%	15%	72%