	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£22,500	£22,837	£23,180	£23,760	£24,354	£116,631
Total Expenses	£17,229	£17,275	£17,320	£17,388	£17,458	£86,669
Profit Before Tax	£5,271	£5,562	£5,861	£6,372	£6,896	£29,962
Profit After Tax	£4,270	£4,506	£4,747	£5,161	£5,585	£24,269
Change In Property Value	£4,500	£13,635	£18,725	£21,909	£17,807	£76,576
Net Return	£8,770	£18,141	£23,472	£27,070	£23,392	£100,845
Return From Rental Income (%)	3%	3%	3%	4%	4%	17%
Total Net Return (%)	6%	12%	16%	19%	16%	69%