	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,024	£12,204	£12,387	£12,697	£13,015	£62,327
Total Expenses	£9,143	£9,173	£9,202	£9,243	£9,286	£46,047
Profit Before Tax	£2,881	£3,031	£3,185	£3,454	£3,729	£16,280
Profit After Tax	£2,334	£2,455	£2,580	£2,798	£3,020	£13,187
Change In Property Value	£2,313	£7,007	£9,623	£11,259	£9,151	£39,352
Net Return	£4,646	£9,462	£12,203	£14,056	£12,171	£52,538
Return From Rental Income (%)	3%	3%	4%	4%	4%	19%
Total Net Return (%)	7%	13%	17%	20%	17%	75%