	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£21,000	£21,420	£21,848	£22,395	£22,954	£109,617
Total Expenses	£20,188	£20,280	£20,363	£20,460	£20,558	£101,849
Profit Before Tax	£813	£1,141	£1,485	£1,935	£2,396	£7,769
Profit After Tax	£658	£924	£1,203	£1,567	£1,941	£6,293
Change In Property Value	£15,000	£25,750	£32,445	£34,392	£30,379	£137,966
Net Return	£15,658	£26,674	£33,648	£35,959	£32,320	£144,259
Return From Rental Income (%)	0%	0%	1%	1%	1%	3%
Total Net Return (%)	8%	14%	18%	19%	17%	76%