	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,480	£12,667	£12,857	£13,179	£13,508	£64,691
Total Expenses	£10,970	£11,039	£11,099	£11,173	£11,248	£55,528
Profit Before Tax	£1,510	£1,628	£1,758	£2,006	£2,260	£9,163
Profit After Tax	£1,223	£1,319	£1,424	£1,625	£1,830	£7,422
Change In Property Value	£2,400	£7,272	£9,987	£11,685	£9,497	£40,841
Net Return	£3,623	£8,591	£11,411	£13,309	£11,327	£48,262
Return From Rental Income (%)	2%	2%	2%	2%	3%	10%
Total Net Return (%)	5%	12%	16%	18%	16%	66%