	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£11,520	£11,750	£11,985	£12,285	£12,592	£60,133
Total Expenses	£8,944	£9,017	£9,081	£9,153	£9,226	£45,420
Profit Before Tax	£2,577	£2,734	£2,904	£3,132	£3,366	£14,713
Profit After Tax	£2,087	£2,214	£2,353	£2,537	£2,726	£11,917
Change In Property Value	£5,400	£9,270	£11,680	£12,381	£10,937	£49,668
Net Return	£7,487	£11,484	£14,033	£14,918	£13,663	£61,585
Return From Rental Income (%)	3%	4%	4%	4%	4%	20%
Total Net Return (%)	12%	19%	23%	24%	22%	101%