	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	£18,729	£18,813	£18,888	£18,988	£19,090	£94,506
Profit Before Tax	£3,771	£4,025	£4,292	£4,772	£5,264	£22,125
Profit After Tax	£3,055	£3,260	£3,477	£3,865	£4,264	£17,921
Change In Property Value	£5	£9,000	£16,065	£21,378	£14,893	£61,341
Net Return	£3,059	£12,260	£19,542	£25,243	£19,157	£79,262
Return From Rental Income (%)	2%	2%	2%	3%	3%	12%
Total Net Return (%)	2%	8%	13%	17%	13%	54%