	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£8,892	£9,070	£9,251	£9,483	£9,720	£46,415
Total Expenses	£7,358	£7,426	£7,485	£7,550	£7,616	£37,434
Profit Before Tax	£1,534	£1,644	£1,766	£1,933	£2,103	£8,981
Profit After Tax	£1,243	£1,332	£1,431	£1,565	£1,704	£7,274
Change In Property Value	£4,167	£7,153	£9,012	£9,553	£8,439	£38,324
Net Return	£5,409	£8,484	£10,443	£11,119	£10,142	£45,598
Return From Rental Income (%)	3%	3%	3%	4%	4%	17%
Total Net Return (%)	13%	20%	24%	26%	24%	107%