	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£14,640	£14,933	£15,231	£15,612	£16,003	£76,419
Total Expenses	£11,186	£11,265	£11,336	£11,416	£11,498	£56,701
Profit Before Tax	£3,454	£3,668	£3,895	£4,196	£4,505	£19,718
Profit After Tax	£2,798	£2,971	£3,155	£3,399	£3,649	£15,971
Change In Property Value	£7,200	£12,360	£15,574	£16,508	£14,582	£66,224
Net Return	£9,998	£15,331	£18,729	£19,907	£18,231	£82,195
Return From Rental Income (%)	4%	4%	4%	5%	5%	21%
Total Net Return (%)	13%	20%	25%	27%	24%	109%