	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	£9,468	£9,500	£9,529	£9,571	£9,615	£47,683
Profit Before Tax	£3,012	£3,168	£3,328	£3,607	£3,893	£17,008
Profit After Tax	£2,439	£2,566	£2,696	£2,922	£3,153	£13,776
Change In Property Value	£4,799	£9,790	£12,727	£13,363	£9,822	£50,501
Net Return	£7,238	£12,356	£15,423	£16,285	£12,975	£64,278
Return From Rental Income (%)	3%	4%	4%	4%	4%	19%
Total Net Return (%)	10%	17%	21%	22%	18%	88%