	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£29,400	£29,841	£30,289	£31,046	£31,822	£152,397
Total Expenses	£22,745	£22,802	£22,857	£22,943	£23,031	£114,377
Profit Before Tax	£6,655	£7,039	£7,432	£8,103	£8,791	£38,020
Profit After Tax	£5,391	£5,702	£6,020	£6,563	£7,121	£30,796
Change In Property Value	£6	£12,000	£21,420	£28,504	£19,858	£81,788
Net Return	£5,397	£17,702	£27,440	£35,068	£26,979	£112,585
Return From Rental Income (%)	3%	3%	3%	3%	4%	16%
Total Net Return (%)	3%	9%	14%	18%	14%	57%