	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£14,496	£14,713	£14,934	£15,307	£15,690	£75,141
Total Expenses	£11,493	£11,565	£11,628	£11,707	£11,788	£58,182
Profit Before Tax	£3,003	£3,148	£3,306	£3,600	£3,902	£16,959
Profit After Tax	£2,432	£2,550	£2,678	£2,916	£3,161	£13,737
Change In Property Value	£3	£5,000	£8,925	£11,877	£8,274	£34,079
Net Return	£2,435	£7,550	£11,603	£14,793	£11,435	£47,815
Return From Rental Income (%)	3%	3%	4%	4%	4%	18%
Total Net Return (%)	3%	10%	15%	19%	15%	63%