	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	£11,244	£11,312	£11,371	£11,444	£11,518	£56,888
Profit Before Tax	£756	£868	£992	£1,228	£1,470	£5,315
Profit After Tax	£613	£703	£803	£995	£1,191	£4,305
Change In Property Value	£2,500	£7,575	£10,403	£12,172	£9,893	£42,542
Net Return	£3,113	£8,278	£11,206	£13,166	£11,084	£46,847
Return From Rental Income (%)	1%	1%	1%	1%	2%	6%
Total Net Return (%)	4%	11%	15%	17%	15%	62%