	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	£9,470	£9,501	£9,530	£9,573	£9,617	£47,691
Profit Before Tax	£3,010	£3,166	£3,327	£3,606	£3,891	£17,000
Profit After Tax	£2,438	£2,564	£2,695	£2,921	£3,152	£13,770
Change In Property Value	£4,800	£9,792	£12,730	£13,366	£9,824	£50,512
Net Return	£7,238	£12,356	£15,424	£16,287	£12,976	£64,282
Return From Rental Income (%)	3%	4%	4%	4%	4%	19%
Total Net Return (%)	10%	17%	21%	22%	18%	88%