	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£11,700	£11,875	£12,054	£12,355	£12,664	£60,648
Total Expenses	£9,283	£9,351	£9,410	£9,482	£9,555	£47,080
Profit Before Tax	£2,417	£2,525	£2,644	£2,873	£3,109	£13,568
Profit After Tax	£1,958	£2,045	£2,142	£2,327	£2,518	£10,990
Change In Property Value	£2	£3,800	£6,783	£9,026	£6,288	£25,900
Net Return	£1,959	£5,845	£8,925	£11,354	£8,806	£36,889
Return From Rental Income (%)	3%	4%	4%	4%	4%	19%
Total Net Return (%)	3%	10%	15%	20%	15%	64%