	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,600	£12,789	£12,981	£13,305	£13,638	£65,313
Total Expenses	£9,695	£9,764	£9,824	£9,898	£9,974	£49,156
Profit Before Tax	£2,905	£3,025	£3,157	£3,407	£3,664	£16,158
Profit After Tax	£2,353	£2,450	£2,557	£2,760	£2,968	£13,088
Change In Property Value	£6,000	£11,330	£13,040	£13,822	£10,989	£55,181
Net Return	£8,353	£13,780	£15,597	£16,582	£13,956	£68,268
Return From Rental Income (%)	4%	4%	4%	5%	5%	21%
Total Net Return (%)	14%	23%	26%	27%	23%	112%