	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,960	£13,154	£13,352	£13,686	£14,028	£67,179
Total Expenses	£10,483	£10,515	£10,545	£10,589	£10,634	£52,767
Profit Before Tax	£2,477	£2,639	£2,807	£3,096	£3,394	£14,413
Profit After Tax	£2,006	£2,138	£2,273	£2,508	£2,749	£11,674
Change In Property Value	£5,400	£11,016	£14,321	£15,037	£11,052	£56,826
Net Return	£7,406	£13,154	£16,594	£17,545	£13,801	£68,500
Return From Rental Income (%)	2%	3%	3%	3%	3%	14%
Total Net Return (%)	9%	16%	20%	21%	17%	83%