	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,000	£12,180	£12,363	£12,672	£12,989	£62,203
Total Expenses	£11,353	£11,383	£11,412	£11,453	£11,495	£57,095
Profit Before Tax	£648	£797	£951	£1,219	£1,493	£5,108
Profit After Tax	£524	£646	£770	£987	£1,210	£4,137
Change In Property Value	£3,000	£9,090	£12,484	£14,606	£11,871	£51,051
Net Return	£3,524	£9,736	£13,254	£15,593	£13,081	£55,188
Return From Rental Income (%)	1%	1%	1%	1%	1%	4%
Total Net Return (%)	4%	10%	14%	17%	14%	59%