	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£15,000	£15,225	£15,453	£15,840	£16,236	£77,754
Total Expenses	£13,153	£13,225	£13,289	£13,369	£13,452	£66,487
Profit Before Tax	£1,848	£2,000	£2,165	£2,470	£2,784	£11,267
Profit After Tax	£1,496	£1,620	£1,753	£2,001	£2,255	£9,126
Change In Property Value	£3	£6,000	£10,710	£14,252	£9,929	£40,894
Net Return	£1,499	£7,620	£12,463	£16,253	£12,184	£50,020
Return From Rental Income (%)	2%	2%	2%	2%	2%	10%
Total Net Return (%)	2%	8%	13%	17%	13%	53%