	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£22,500	£22,837	£23,180	£23,760	£24,354	£116,631
Total Expenses	£20,336	£20,420	£20,495	£20,595	£20,697	£102,542
Profit Before Tax	£2,164	£2,418	£2,685	£3,165	£3,657	£14,089
Profit After Tax	£1,753	£1,958	£2,175	£2,564	£2,962	£11,412
Change In Property Value	£5	£9,999	£17,848	£23,751	£16,547	£68,150
Net Return	£1,758	£11,958	£20,023	£26,315	£19,509	£79,562
Return From Rental Income (%)	1%	1%	1%	2%	2%	7%
Total Net Return (%)	1%	7%	12%	16%	12%	49%