	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£11,196	£11,420	£11,648	£11,940	£12,238	£58,442
Total Expenses	£8,750	£8,823	£8,886	£8,957	£9,030	£44,447
Profit Before Tax	£2,446	£2,597	£2,762	£2,982	£3,208	£13,995
Profit After Tax	£1,981	£2,104	£2,237	£2,416	£2,599	£11,336
Change In Property Value	£5,250	£9,013	£11,356	£12,037	£10,633	£48,288
Net Return	£7,231	£11,116	£13,593	£14,453	£13,231	£59,624
Return From Rental Income (%)	3%	4%	4%	4%	4%	19%
Total Net Return (%)	12%	19%	23%	24%	22%	100%