	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	£10,922	£10,990	£11,049	£11,122	£11,196	£55,280
Profit Before Tax	£1,078	£1,190	£1,313	£1,550	£1,792	£6,923
Profit After Tax	£873	£964	£1,064	£1,255	£1,452	£5,608
Change In Property Value	£2,400	£7,272	£9,987	£11,685	£9,497	£40,841
Net Return	£3,273	£8,236	£11,051	£12,940	£10,949	£46,449
Return From Rental Income (%)	1%	1%	1%	2%	2%	8%
Total Net Return (%)	4%	11%	15%	18%	15%	64%