	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£11,856	£12,034	£12,214	£12,520	£12,833	£61,457
Total Expenses	£9,267	£9,334	£9,394	£9,466	£9,540	£47,000
Profit Before Tax	£2,589	£2,699	£2,821	£3,054	£3,293	£14,456
Profit After Tax	£2,097	£2,186	£2,285	£2,474	£2,667	£11,710
Change In Property Value	£4,725	£8,718	£11,134	£12,815	£9,056	£46,447
Net Return	£6,822	£10,904	£13,419	£15,288	£11,723	£58,157
Return From Rental Income (%)	4%	4%	4%	4%	5%	20%
Total Net Return (%)	12%	19%	23%	26%	20%	101%