	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£9,000	£9,135	£9,272	£9,504	£9,741	£46,652
Total Expenses	£8,692	£8,755	£8,810	£8,875	£8,941	£44,072
Profit Before Tax	£309	£380	£462	£629	£800	£2,580
Profit After Tax	£250	£308	£374	£510	£648	£2,090
Change In Property Value	£4,500	£8,303	£10,604	£12,204	£8,624	£44,235
Net Return	£4,750	£8,610	£10,979	£12,714	£9,273	£46,325
Return From Rental Income (%)	0%	1%	1%	1%	1%	4%
Total Net Return (%)	9%	16%	20%	23%	17%	84%