	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£7,500	£7,612	£7,727	£7,920	£8,118	£38,877
Total Expenses	£6,076	£6,100	£6,122	£6,151	£6,182	£30,631
Profit Before Tax	£1,424	£1,512	£1,605	£1,768	£1,936	£8,246
Profit After Tax	£1,153	£1,225	£1,300	£1,432	£1,568	£6,679
Change In Property Value	£4,500	£8,498	£9,780	£10,367	£8,241	£41,385
Net Return	£5,653	£9,723	£11,080	£11,799	£9,810	£48,064
Return From Rental Income (%)	3%	3%	3%	3%	3%	15%
Total Net Return (%)	12%	21%	24%	26%	21%	104%