	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£23,280	£23,629	£23,984	£24,583	£25,198	£120,674
Total Expenses	£19,933	£20,018	£20,094	£20,196	£20,300	£100,541
Profit Before Tax	£3,347	£3,611	£3,889	£4,387	£4,898	£20,133
Profit After Tax	£2,711	£2,925	£3,150	£3,554	£3,967	£16,308
Change In Property Value	£5	£9,700	£17,315	£23,041	£16,052	£66,112
Net Return	£2,716	£12,625	£20,465	£26,595	£20,019	£82,420
Return From Rental Income (%)	2%	2%	2%	2%	3%	10%
Total Net Return (%)	2%	8%	13%	17%	13%	52%