	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,000	£12,180	£12,363	£12,672	£12,989	£62,203
Total Expenses	£9,744	£9,774	£9,803	£9,844	£9,886	£49,051
Profit Before Tax	£2,256	£2,406	£2,560	£2,828	£3,102	£13,152
Profit After Tax	£1,828	£1,949	£2,074	£2,290	£2,513	£10,653
Change In Property Value	£2,500	£7,575	£10,403	£12,172	£9,893	£42,542
Net Return	£4,328	£9,524	£12,477	£14,462	£12,405	£53,195
Return From Rental Income (%)	2%	3%	3%	3%	3%	14%
Total Net Return (%)	6%	13%	16%	19%	16%	70%